2358 NW Military Hwy
San Antonio, TX 78231

HFF has been exclusively retained to offer qualified investors the unique opportunity to purchase fee simple interest in Elm Creek Apartments(the “Property”), an 81-unit boutique garden apartment community located in San Antonio, Texas. Prominently positioned along the heavily traveled NW Military Highway, Elm Creek provides rapid connectivity to the San Antonio International Airport and the entire metro area via Loop 410, Hwy 281, Loop 1604, and IH-10. Situated in the high-performing North Central submarket, Elm Creek is within 10 minutes of San Antonio’s largest employers including Fort Sam Houston (32,000 jobs), USAA (17,000 jobs) and the South Texas Medical Center (55,000 jobs). Built in 1973 on a 4.33-acre tract with sprawling oaks, Elm Creek features very large units (1,048 SF average) with black appliances, wood style flooring, and washer/dryer connections. The property offers investors a stable, highly occupied apartment community with no deferred maintenance with the ability to increase rents through continued interior and exterior renovations. In addition, Elm Creek is being offered with extremely attractive assumable debt in a rising interest rate environment. Advantageously located with prominent visibility along NW Military Highway frontage, Elm Creek is at the epicenter of San Antonio’s path of growth in the core of North Central San Antonio. The Property is located in one of San Antonio’s best school districts, North East ISD, allowing this family-centric community to benefit from exemplary education opportunities provided by nearby Larkspur Elementary, Jackson Middle School and Churchill High School. Elm Creek is prominently located in the Castle Hills subdivision where average home values are north of $300,000, with some recent sales exceeding $1million. Long-term renter demand for the Property is bolstered by its proximity to San Antonio’s most affluent neighborhoods, Olmos Park and Alamo Heights, with home values reaching $3 million. The rise in home values due to Northwest San Antonio’s booming economic drivers at USAA, San Antonio International Airport and successful RIM/La Cantera mixed-use developments, have made apartments like Elm Creek an extremely attractive living option for the area. Elm Creek’s large units, townhome options and excellent school district make it the ideal spot for family’s relocating due to the elevated cost of homeownership. Residents of Elm Creek enjoy a short commute to San Antonio’s major economic generators including the San Antonio International Airport, USAA Headquarters facility, UTSA and South Texas Medical Center. Major thoroughfares IH-10, Loop 410, Loop 1604 and Wurzbach Parkway help connect residents to these employment chubs and other key destinations throughout the city. In addition, Elm Creek is surrounded by an incredible supply of retail and entertainment offerings, including luxury and necessity based retailers North Star Mall and The Rim/La Cantera.