San Antonio, TX | 150+ Units | Value Add Opportunity | Class C | 90+% Occupied

This unique value-add opportunity located in San Antonio, Texas. Constructed in the 1960s, this multifamily
property comprises 150+ units averaging 668 square feet, featuring 13 distinct floor plans that
include studio, one-, and two-bedroom layouts to accommodate a variety of lifestyles. The
property boasts an assumable loan of $7,373,308 at a fixed interest rate of 3.57%, maturing
in 2030. Since 2020, the current owner has invested over $1.2 million
in capital improvements, with 52 units already upgrded, yielding an average rent increase of
$126 per unit per month. These upgraded units feature hardwood-style flooring, modern
fixtures, fully equipped kitchens, and more. Further renovations to the remaining units are
expected to enhance tenant appeal and increase rents. The property enjoys excellent
accessibility, in proximity of Northwest Loop-410 and Interstate-10, and benefits
from high visibility with 22,000 vehicles passing daily. The property
is strategically located near the $500 million Rock at La Cantera development, which houses
the new Spurs training facility and has generated more than 1,700 jobs.
The RIM Shopping Center, featuring diverse brands and a cinema, is a mere 15 minutes
away, and San Antonio International Airport is just seven miles from the property.