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Investment Highlights
- 100% 2-Bedroom Units
- Just Off Interstate-410 & US Highway-90
- Near Lackland Air Force Base
- Washer and Dryer Connections in Every Unit
- $64,000+ Median HH Income in a 5-Mile Radius - Yardi
- 2.8+ Million Residents in the San Antonio MSA
Executive Summary
Summary:
The Multifamily Group is pleased to present the exclusive offering of Altitude, a unique opportunity
in San Antonio, Texas. Built in 2019, the property comprises 12 units, each two-bedrooms
and one-bathroom with 720 square feet. The community is currently 50% occupied, compared
to a strong submarket occupancy rate of 92%, offering a strong lease-up opportunity.
Location:
Altitude Apartments is strategically located in San Antonio’s Lackland Terrace neighborhood,
offering convenient access to Highway 90 and Loop 410 for easy connectivity throughout the
city. The property is less than three miles from Lackland Air Force Base, one of the region’s
largest employment centers with more than 46,000 military personnel, civilian employees, and
trainees. Residents benefit from a wide variety of nearby amenities, including Alamo Marketplace,
H-E-B, Walmart Supercenter, numerous grocery stores, restaurants, and everyday retail
options, all within a short drive. Outdoor recreation is readily available at Lackland Terrace
Park, while SeaWorld San Antonio and Ingram Park Mall are both approximately 15 minutes
away. Historic Downtown San Antonio, the River Walk, the Alamo, and the city’s renowned dining,
entertainment, and cultural attractions are all accessible within a 20-minute drive, making
Altitude Apartments a well-located community with convenient access to employment, shopping,
and recreation.
The Multifamily Group is pleased to present the exclusive offering of Altitude, a unique opportunity
in San Antonio, Texas. Built in 2019, the property comprises 12 units, each two-bedrooms
and one-bathroom with 720 square feet. The community is currently 50% occupied, compared
to a strong submarket occupancy rate of 92%, offering a strong lease-up opportunity.
Location:
Altitude Apartments is strategically located in San Antonio’s Lackland Terrace neighborhood,
offering convenient access to Highway 90 and Loop 410 for easy connectivity throughout the
city. The property is less than three miles from Lackland Air Force Base, one of the region’s
largest employment centers with more than 46,000 military personnel, civilian employees, and
trainees. Residents benefit from a wide variety of nearby amenities, including Alamo Marketplace,
H-E-B, Walmart Supercenter, numerous grocery stores, restaurants, and everyday retail
options, all within a short drive. Outdoor recreation is readily available at Lackland Terrace
Park, while SeaWorld San Antonio and Ingram Park Mall are both approximately 15 minutes
away. Historic Downtown San Antonio, the River Walk, the Alamo, and the city’s renowned dining,
entertainment, and cultural attractions are all accessible within a 20-minute drive, making
Altitude Apartments a well-located community with convenient access to employment, shopping,
and recreation.
Property Facts
| Sale Type | Investment | Lot Size | 0.43 AC |
| No. Units | 12 | Building Size | 10,000 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2019 |
| Apartment Style | Low-Rise | Parking Ratio | 1.17/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | MF-33 - Multi-family District | ||
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.43 AC |
| Building Size | 10,000 SF |
| No. Stories | 2 |
| Year Built | 2019 |
| Parking Ratio | 1.17/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | MF-33 - Multi-family District |
Amenities
Unit Amenities
- Air Conditioning
- Disposal
- Microwave
- Washer/Dryer Hookup
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | - | 720 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 15508-008-0140 | Improvements Assessment | $1,179,370 |
| Land Assessment | $70,630 | Total Assessment | $1,250,000 |
Property Taxes
Parcel Number
15508-008-0140
Land Assessment
$70,630
Improvements Assessment
$1,179,370
Total Assessment
$1,250,000
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Altitude Apartments | 8111 Landing
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