This Multifamily Property is Off-Market.

1400 Gardina Street
San Antonio, TX 78201 ·

64 Units · Multifamily For Sale

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Springwood Villas

Price N/A Cap Rate 8%
No. Units 64 Occupancy 55%
Building Size 49,280 SF No. Stories 2
Property Type Multifamily Year Built 1986
Property Sub-type Garden/Low-Rise Lot Size 1.97 AC
Property Use Type Investment
Listing ID: 17368445 Date Created: 10/11/2011 Last Updated: 05/02/2012

Description

Springwood Villas is a 64 unit garden style complex built in 1986 that's located in the northwest apartment market of San Antonio. An investor has the opportunity to purchase the property below its stabilized value and create value with a new property management regime as well as moderate property renovations. Please click on our property website link for additional information.

The property is located just north of Fredericksburg Road inside the 410 Loop. It has convenient access to Interstate 10 and is only 6 miles from downtown and the San Antonio River Walk. Springwood Villas is located across the street from the Northwest Center Strip Mall which the City of San Antonio has targeted for a $12.8 million redevelopment project.

Highlights

  • Owner recently completed over $150,000 in capital improvements
  • Infill location only six miles to downtown San Antonio
  • Value add opportunity
  • Motivated seller
  • Across the street from the Laddie Place Redevelopment project
  • Convenient access to major thoroughfares

Research

1400 Gardina Street, San Antonio, TX 78201 (Bexar County)

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