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1400 Patricia Dr
San Antonio, TX 78213

The Lennox · Multifamily Property For Sale · 256 Units

PROPERTY FACTS

No. Units 256
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 9.49 AC
Building Size 188,620 SF
Average Occupancy 80%
No. Stories 3
Year Built 1983
Parking Ratio 2.19/1,000 SF

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Disposal
  • Fireplace
  • Washer/Dryer Hookup
  • Heating
  • Security System
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Range
  • Tub/Shower
  • Walk-In Closets
  • Carpet
  • Dining Room
  • Vinyl Flooring
  • Window Coverings

Site Amenities

  • Business Center
  • Controlled Access
  • Clubhouse
  • Fitness Center
  • Laundry Facilities
  • Property Manager on Site
  • Gated
  • Laundry Service
  • Package Service
  • Volleyball Court
  • Storage Space
  • Lounge
  • Maintenance on site

About 1400 Patricia Dr , San Antonio, TX 78213

Built in 1983 on a 9.5-acre tract with sprawling oak trees, Vizcaya Apartments features two swimming pools, courtyards and grilling areas, as well as a spacious fitness center. Units at Vizcaya are efficiently designed with black appliances, wood and carpet style flooring, fireplaces, and washer/dryer connections. Vizcaya offers investors a stable, highly occupied apartment community in excellent condition, located in the highly sought after North East ISD. Current ownership has renovated approximately 37% of the interior units, proving out rent premiums over the traditional units. Investors could further raise rents and improve NOI by continuing the interior upgrade plan as well as several other value add enhancements throughout the property. Prominently positioned along the heavily traveled Patricia Drive, Vizcaya is situated five miles from the San Antonio International Airport and proximate to Loop 410, Hwy 281, Loop 1604, and IH-10, providing rapid connectivity to the entire metro area. The Property’s ideal location provides direct access to some of San Antonio’s largest employers with the San Antonio International Airport (100,000 jobs), South Texas Medical Center (56,000 jobs) and USAA (18,000 jobs) all within 15 minutes of the Property.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 178 - 471 - 723
2+1 41 - 800
2+2 37 - 945

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
16616-003-1070
Land Assessment
$1,644,410
Improvements Assessment
$24,855,590
Total Assessment
$26,500,000

zoning

Zoning Code N/Av, San Antonio
N/Av, San Antonio
  • Listing ID: 16983525

  • Date on Market: 8/21/2019

  • Last Updated:

  • Address: 1400 Patricia Dr, San Antonio, TX 78213

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