Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
MORTGAGE BANKING
INVESTMENT SALES
CONTACT US
Visit Doc Center
QUICK STATS
$2,213/$2.12
Market Rent
177,000
RENTABLE AREA
2023
YOC
208
UNITS
Investment highlights
POTENTIAL FOR A BUYER TO CONTINUE TO PARTNER WITH THE EXISTING HOUSING FINANCE CORPORATION AND CONTINUE THE FULL PROPERTY TAX EXEMPTION CURRENTLY BEING RECEIVED
1
The Austin-Round Rock, TX MSA has experienced tremendous income growth with the HUD Median Family Income increasing by 62% from 2016 to 2024, directly resulting in equally strong growth in the LIHTC rental limits
2
The property is located in Pflugerville, TX, just 18 miles north of Austin and in a high-income pocket with the Median Household Income exceeding $95,000 within a mile of the property
3
The property is located within 10 miles of Household-Name Employers including: Dell, Amazon, Apple, Samsung, and IBM
4
xxx
6
96%
OCCUPIED
Pflugerville is located in the path of growth with an 8.3% projected increase in the population within three miles of the property, per CoStar
5
GALLERY
GALLERY
2007
BUILT
Photo Gallery
Investment Highlights
Property Overview
Doc Center
Privacy
Contact
Terms of Use
15711 Dessau Rd. - Pflugerville, TX 78660
BACK TO TOP
Visit Doc Center
PROPERTY OVERVIEW
Cambridge Villas is a 208-unit mixed-income housing community located in Pflugerville, TX. The property is conveniently situated minutes from major retailers, including H-E-B, ALDI, and Walmart Supercenter. Numerous restaurants, outdoor recreation, healthcare, pharmacies, and major transportation arteries are nearby as well.
The property was built and placed in service in 2007 under the Section 42 Low-Income Housing Tax Credit (LIHTC) program. There is an existing regulatory agreement in place which requires 200 units to be rented to income qualifying residents earning no more than 30% & 60% of the Area Median Income (AMI) limits, which are provided by the Texas Department of Housing and Community Affairs. Additionally, 80% of units are restricted to seniors 55 and older.
Cambridge Villas offers one and two bedroom apartment homes featuring air conditioning, washer/dryer connections, covered patio/balcony, stand-up shower with separate tub, handicap access, extra storage, window coverings/blinds, ceiling fans, and all-electric kitchens that include a dishwasher, microwave, refrigerator, ice maker, and pantry.
Community amenities include a clubhouse, business center, library, shuffleboard, planned activities, pavilion, beauty salon, community garden, fitness center, computer lab, craft room, media center, swimming pool, health screening room, barbecue grills, clothes care center, and on-call maintenance.
Visit Doc Center
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
2500 Bee Cave Road Building 3, Suite 550 Austin, TX 78746
AUSTIN OFFICE
601 Union St. Suite 3909 Seattle, WA 98101
SEATTLE OFFICE
Senior Managing Director Multifamily TX License #506184 512.226.8706 kelly.witherspoon@berkadia.com
Kelly Witherspoon
Senior Managing Director
Affordable Housing
WA License #26367 253.653.3313 brandon.grisham@berkadia.com
BRANDON GRISHAM
Managing Director
504.322.1196
chris.crump@berkadia.com
CHRIS CRUMP
Associate Director 817.821.9559 jack.leonhard@berkadia.com
Jack Leonhard
The Opportunity
The Asset
Photo Gallery
Contact
Doc Center
Privacy
Terms of Use
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
Director Affordable Housing
MT License #89005 425.761.1640 mike.terry@berkadia.com
Mike Terry
4
Senior LIHTC Property built in 2011 containing 90 units located in the 8-story building along with 10 three-bedroom townhome units
5
Well located asset just under 7 miles from downtown Miami, as well as the Miami International Airport
Senior Managing Director
214.360.3849
tim.leonhard@berkadia.com
TIM LEONHARD
Senior Director
Affordable Housing
ID License #SP42885 208.631.4981 jordan.skyles@berkadia.com
Jordan Skyles
Director of Operations Afforable Housing
CA License #02251798 208.296.2073 jordan.baird@berkadia.com
Jordan Baird
Managing Director Multifamily
TX License #396855 972.458.4589 jay.gunn@berkadia.com
Jay Gunn