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Rio @ 1604 14900 Nacogdoches Rd 132 Unit Apartment Building For Sale San Antonio, TX 78247
Matterport 3D Tours
Investment Highlights
- Letter of Intent (LOI)is now open and will be closing soon; investors, submit your LOI's now to be eligible to acquire this cash-flowing asset.
- Highly amenitized apartment community with a scenic picnic area, a fitness center, a pet play area, an outdoor playground, and a sparkling pool.
- Bexar County hosts major employers like Joint Base San Antonio, Methodist Health Care System, JPMorgan Chase, USAA, and Wells Fargo.
- Welcome to Rio @ 1604, a multi-building apartment complex featuring 132 units with an average size of 1,242 square feet and 97% stable occupancy.
- 80 units were fully renovated in 2022, garnering monthly premiums of $100+ per unit, and the seller has outlined plans for more value-add upgrades.
- Call or message today to speak to the owner or broker directly. Property tours are scheduled by appointment only. Inquire today and learn more.
Executive Summary
Investor interest has been strong, and the LOI window is now open and closing soon. Qualified buyers are encouraged to review the Offering Memorandum, T-12, and the current rent roll available in the Data Room and begin preparing their submissions.
Rio @ 1604 comprises 35 two-story buildings with 132 units, achieving 97% occupancy and market rents. It sits on 12.92 acres, with 300 parking spaces and amenities such as a picnic area, fitness center, pet play area, playground, and a sparkling pool. The property was built in 1984, and comprehensive renovations were completed in 2022 with several remaining upgrade options to bolster the success of Rio @ 1604.
Work completed by the current owner includes 80 units with granite countertops, new flooring, updated appliances, new paint, and upgraded plumbing and lighting fixtures for monthly premiums of over $100 per unit (can be higher). Washers and dryers were installed in 80 units at a monthly premium of $45 per unit, 100% of the windows were replaced across all 132 units, the clubhouse and signage were updated across the property, the exteriors were repainted, and the parking lot was resurfaced.
The seller has outlined several potential upgrades for value-add opportunities. These include renovating and adding washers and dryers to the remaining classic units, opening up the possibility for a $145 premium per month. Outside of the units, buyers can add 12 private yards for a $75 premium and 25 reserved parking stalls for a $15 premium.
Located at 14900 Nacogdoches Road, Rio @ 1604 is positioned near amenities and arterial roadways that will maintain its desirability in the long term. The expansive Comanche Outlook Park and multiple schools are just minutes away, making this an ideal place to live for families. There are plenty of nearby neighborhood amenities to knock out errands. Residents can reach H-E-B, Planet Fitness, Walgreens, Ross Stores, Petco, and dozens of restaurants in five minutes or less.
In recent years, Northeast San Antonio has undergone a significant transformation, embracing a more economically diverse workforce spanning various industries. Despite this newfound diversification, local performance has closely mirrored trends across the metro area. Notably, between early March 2021 and 2025, rent growth surpassed metro-wide averages, echoing patterns observed throughout San Antonio. Residents have been drawn to these job opportunities, and Rio @ 1604 is ideally positioned to cater to these employees.
Rio @ 1604 comprises 35 two-story buildings with 132 units, achieving 97% occupancy and market rents. It sits on 12.92 acres, with 300 parking spaces and amenities such as a picnic area, fitness center, pet play area, playground, and a sparkling pool. The property was built in 1984, and comprehensive renovations were completed in 2022 with several remaining upgrade options to bolster the success of Rio @ 1604.
Work completed by the current owner includes 80 units with granite countertops, new flooring, updated appliances, new paint, and upgraded plumbing and lighting fixtures for monthly premiums of over $100 per unit (can be higher). Washers and dryers were installed in 80 units at a monthly premium of $45 per unit, 100% of the windows were replaced across all 132 units, the clubhouse and signage were updated across the property, the exteriors were repainted, and the parking lot was resurfaced.
The seller has outlined several potential upgrades for value-add opportunities. These include renovating and adding washers and dryers to the remaining classic units, opening up the possibility for a $145 premium per month. Outside of the units, buyers can add 12 private yards for a $75 premium and 25 reserved parking stalls for a $15 premium.
Located at 14900 Nacogdoches Road, Rio @ 1604 is positioned near amenities and arterial roadways that will maintain its desirability in the long term. The expansive Comanche Outlook Park and multiple schools are just minutes away, making this an ideal place to live for families. There are plenty of nearby neighborhood amenities to knock out errands. Residents can reach H-E-B, Planet Fitness, Walgreens, Ross Stores, Petco, and dozens of restaurants in five minutes or less.
In recent years, Northeast San Antonio has undergone a significant transformation, embracing a more economically diverse workforce spanning various industries. Despite this newfound diversification, local performance has closely mirrored trends across the metro area. Notably, between early March 2021 and 2025, rent growth surpassed metro-wide averages, echoing patterns observed throughout San Antonio. Residents have been drawn to these job opportunities, and Rio @ 1604 is ideally positioned to cater to these employees.
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Map
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Lot Size | 12.92 AC |
| No. Units | 132 | Building Size | 163,906 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1984 |
| Building Class | B | Parking Ratio | 1.83/1,000 SF |
| Zoning | C-2 - Multifamily | ||
| Sale Type | Investment |
| No. Units | 132 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 12.92 AC |
| Building Size | 163,906 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1984 |
| Parking Ratio | 1.83/1,000 SF |
| Zoning | C-2 - Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Window Coverings
Site Amenities
- 24 Hour Access
- Business Center
- Clubhouse
- Fitness Center
- Laundry Facilities
- Picnic Area
- Playground
- Pool
- Property Manager on Site
- Spa
- Tenant Controlled HVAC
- Breakfast/Coffee Concierge
- Furnished Units Available
- Grill
- Package Service
- Volleyball Court
- Maintenance on site
- Online Services
- Sundeck
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | $1,225 | 949 |
| 2+2 | 122 | $1,375 | 1,092 - 1,324 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Pizza Hut | - | - | 5 min walk |
| Salsalito Cantina Mexican Restaurant | Mexican | $$ | 7 min walk |
| Jack In The Box | - | - | 6 min walk |
| Bandera Jalisco | Mexican | $ | 10 min walk |
| Subway | - | - | 12 min walk |
| Shipley Donuts | - | - | 12 min walk |
| Maar's Pizza & More | Pizza | $$ | 12 min walk |
| KFC | - | - | 13 min walk |
| Los Balito's Taco Shop | - | - | 14 min walk |
| Panda Express | - | - | 13 min walk |
Retail |
||
|---|---|---|
| CVS Pharmacy | Drug Store | 5 min walk |
| Circle K | Convenience Market | 8 min walk |
| The UPS Store | Business/Copy/Postal Services | 12 min walk |
| DolEx Dollar Express | Finance Company | 12 min walk |
| Sherwin-Williams | Paint/Wallpaper | 14 min walk |
| Walgreens | Drug Store | 14 min walk |
Hotels |
|
|---|---|
| InTown Suites |
121 rooms
4 min drive
|
| Best Western |
67 rooms
6 min drive
|
| La Quinta Inns & Suites |
137 rooms
7 min drive
|
| Comfort Inn |
57 rooms
8 min drive
|
| WoodSpring Suites |
121 rooms
8 min drive
|
| Econo Lodge |
113 rooms
9 min drive
|
| WoodSpring Suites |
123 rooms
10 min drive
|
| TownePlace Suites |
112 rooms
11 min drive
|
| Hampton by Hilton |
85 rooms
10 min drive
|
| Home2 Suites by Hilton |
106 rooms
11 min drive
|
Property Taxes
| Parcel Number | 15723-000-0110 | Total Assessment | $14,250,000 |
| Land Assessment | $3,471,100 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $10,778,900 | Tax Year | 2025 |
Property Taxes
Parcel Number
15723-000-0110
Land Assessment
$3,471,100
Improvements Assessment
$10,778,900
Total Assessment
$14,250,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
About the Seller
Read More
Other Properties in the HELU CAPITAL Portfolio
Sale Advisors
Sale Advisors
Mike Minnick, Principal Owner Mike Minnick
Mike is also a passionate acquisition specialist. He focuses on housing assets and large-scale opportunities.
Evan Crawford,
Marketing Director
Evan Crawford serves on the RMA team as Marketing Director since 2021. He graduated from Dallas Baptist University with a Bachelor’s of Arts in Graphic Design in 2020. With over 7 years of experience specializing in brand development, Evan has done numerous design collaborations with some notable companies in the DFW area and beyond. Evan also runs his own freelance business photographing professional rodeos in the DFW metroplex. He is a 3 time State Fair of Texas Creative Arts award winner for his rodeo and western photography.
Outside of the office, rodeo arena, you can find him in a rodeo arena or serving in his local church as a young adults leader and drummer.
Outside of the office, rodeo arena, you can find him in a rodeo arena or serving in his local church as a young adults leader and drummer.
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Map
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