1501 E Southcross Blvd
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1501 E Southcross Blvd
28 Unit Apartment Building $4,200,000 ($150,000/Unit) 6.70% Cap Rate San Antonio, TX 78223
Investment Highlights
- 7 Minutes from Downtown San Antonio
- Complex Includes a Dog Park
- Nearby Businesses Include: Multiple Restaurants, HEB, Riverside Golf Course, and Mission County Park
- 17 Minutes from Texas A&M San Antonio
- Rooms Include a Washer and Dryer Hookup
Executive Summary
A not-to-be-missed investment opportunity. Discover this compelling investment option nestled in the up-and-coming San Antonio area-an ideal prospect for those looking to fortify their portfolio with a low-maintenance addition. This brand-new multi-family development is a must-see, featuring 28 units presenting 745 sq.ft. Layouts with two well-proportioned bedrooms and one bathroom. Experience contemporary living with open-plan and light-filled living spaces, perfectly tailored to modern lifestyles. Choose from two distinct floorplans offering well-equipped kitchens with ample storage and top-quality appliances. The convenience is further enhanced by central parking within the development. Additionally, relish the advantages of a central location, providing effortless access to all essential amenities for prospective tenants. Restaurants, schools, and shops are all within close proximity, adding to the allure of this easy-care investment opportunity in the up-and-coming San Antonio area. Seize the chance to enhance your portfolio with a property that combines practicality, style, and a prime location!
Property Facts
| Price | $4,200,000 | Building Class | B |
| Price Per Unit | $150,000 | Lot Size | 0.90 AC |
| Sale Type | Investment | Building Size | 32,443 SF |
| Cap Rate | 6.70% | Average Occupancy | 61% |
| No. Units | 28 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | Parking Ratio | 1.42/1,000 SF |
| Apartment Style | Low Rise |
| Price | $4,200,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| Cap Rate | 6.70% |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.90 AC |
| Building Size | 32,443 SF |
| Average Occupancy | 61% |
| No. Stories | 3 |
| Year Built | 2023 |
| Parking Ratio | 1.42/1,000 SF |
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Ceiling Fans
- Kitchen
- Dining Room
Site Amenities
- 24 Hour Access
- Pet Play Area
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 28 | $1,128 | 713 - 718 |
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PROPERTY TAXES
| Parcel Number | 08090-000-0370 | Improvements Assessment | $1,397,320 |
| Land Assessment | $424,530 | Total Assessment | $1,821,850 |
PROPERTY TAXES
Parcel Number
08090-000-0370
Land Assessment
$424,530
Improvements Assessment
$1,397,320
Total Assessment
$1,821,850
zoning
| Zoning Code | MF-33 (multi-family use with a maximum density of up to thirty-three (33) units per acre, depending on unit size) |
| MF-33 (multi-family use with a maximum density of up to thirty-three (33) units per acre, depending on unit size) |
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1501 E Southcross Blvd
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