This Multifamily Property is Off-Market.

1946 NE Loop 410
San Antonio, TX 78217 ·

252 Units · Multifamily For Sale

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Oakwell Springs

Price N/A Property Use Type Investment
No. Units 252 Cap Rate 6.50%
Building Size 197,956 SF No. Stories 3
Property Type Multifamily Year Built 1972
Property Sub-type Garden/Low-Rise Lot Size 8.43 AC
Listing ID: 15320883 Date Created: 09/05/2007 Last Updated: 05/07/2008

Description

Oakwell Springs Apartments is a unique 252 unit waterscaped community situated in northeast San Antonio. This ideally located property was built in 1972 and is currently undergoing extensive renovations to include new roofs, a new perimeter wood fence and new concrete stair treads. All buildings are receiving new siding and exterior paint, the asphalt parking lot is being resealed and all ponds are in the process of being refinished. Oakwell Springs sits 8.443 acres of land and consists of 11 three-story apartment buildings, one leasing office and two maintenance shops, all surrounded by scenic ponds with cascading fountains, lush landscaping and towering oak trees.

Oakwell Springs offers eight distinctive floor plans that range in size from 559 square feet to 1,070 square feet. Individual units have great layouts that include oversized rooms, walk in closets with organizers and private patios or balconies with outside storage rooms. All floor plans have state-of-the-art kitchens with built-in pantries, new counter tops and new oak cabinets. Most units have elegant mirrored accents in the dining room, wetbars and washer/dryer connections, and all top floor units have vau

The location of Oakwell Springs is one of its best assets. Situated on the access road of NE Loop 410 at Harry Wurzbach, and less than five minutes from IH-35 and US Hwy 281, residents are only minutes from the San Antonio International Airport, shopping malls, schools, dining and many major employers. The property is located just across the loop from Northeast Baptist Hospital, which has just completed an $80 million expansion project. The new four-story hospital building is built on nine acres of land located to the west of and adjacent to the current facility and adds an additional 187,000 sq. ft of hospital space to the Northeast Baptist Hospital complex, bringing hundreds of new jobs and residents to the immediate area. Fort Sam Houston Army base is less than five miles from the property and BRAC 2005 recommendations expand Fort Sam Houston to become the Department of Defense' s premier medical training base and the home of Army installation management, and management of family support activities and community programs. This realignment will bring nearly 13,500 new jobs to the base and thousands of new residents to the surrounding area

Highlights

  • Currently Undergoing Extensive Renovations
  • Unique Waterscaped Property
  • Additional Upside Through Water Bill Back
  • Spacious Floor Plans
  • Prime Northeast Location with Loop 410 Frontage
  • Close to Ft. Sam Houston, The Northeast Baptist Medical Center and San Antonio International Airport

Research

1946 NE Loop 410, San Antonio, TX 78217 (Bexar County)

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