4700 Stringfellow St
San Antonio, TX 78223
The Ridge at Southcross · Multifamily Property For Sale
·
212 Units
PROPERTY FACTS
| No. Units | 212 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 10.43 AC |
| Building Size | 161,527 SF |
| Average Occupancy | 91% |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2016 |
| Parking Ratio | 2.13/1,000 SF |
| Zoning | MF-33 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Wi-Fi
- Dining Room
- Window Coverings
SITE AMENITIES
- Business Center
- Controlled Access
- Clubhouse
- Fitness Center
- Laundry Facilities
- Pool
- Property Manager on Site
- Package Service
- Storage Space
- Maintenance on site
- Sundeck
- Public Transportation
ABOUT 4700 STRINGFELLOW ST , SAN ANTONIO, TX 78223
• The current ownership has implemented a unit enhancement program on 70 percent of the community with upgrades such as appliance package, resurfaced countertops, tile backsplash, updated lighting, and updated fixtures. • Ridge at Southcross offers the next investor the opportunity to continue the in-place unit enhancement program on the remaining 30 percent of the units and see up to $75 rental premiums. • Current ownership has recently invested over $1.4 million in CapEx improvements throughout the community, leaving minimal deferred maintenance. • This low-density asset offers the next investor an outstanding value-add investment opportunity located in the Highland Hills neighborhood of San Antonio. • Similar vintage assets in the submarket have seen 5 percent rent growth in the last quarter. • Ridge at Southcross is strategically located six miles from downtown San Antonio, between Interstate 37 and Loop 410, providing convenient access throughout San Antonio and just north of the Eagle Ford Shale Region.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 32 | - | 476 |
| 1+1 | 104 | - | 618 - 689 |
| 2+1 | 38 | - | 861 |
| 2+2 | 38 | - | 947 - 1,132 |
PROPERTY TAXES
| Parcel Number | 13604-001-0170 | Improvements Assessment | $13,370,580 |
| Land Assessment | $1,535,490 | Total Assessment | $14,906,070 |
