Historical Multifamily Sale Listing - Springwood Villas

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Springwood Villas

1400 Gardina Street, San Antonio, TX 78201

N/A

64 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
64
Building Size:
49,280 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
8%
Occupancy:
55%
No. Stories:
2
Year Built:
1986
Lot Size:
1.97 AC
Listing ID
17368445
Last Updated
over 1 year ago

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

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.

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

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Created 10/11/2011