427 Montrose Ave | San Antonio, TX 78223
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- LoopNet Team
427 Montrose Ave
San Antonio, TX 78223
Lorenzo Apartments | Recently Renovated · Multifamily Property For Sale · 120 Units
Investment Highlights
- ***Property tours available by appointment ONLY - Please reach out to broker contact for additional information***
- Residents can reach I-37 in three minutes and downtown San Antonio in less than fifteen minutes.
- Boasts updated amenities including a new roof, resurfaced parking lot, LED exterior lighting, an onsite dog park, and keyless mail room entry.
- Recently renovated 72-unit apartment complex with over $350k in capital expenditure upgrading the property exterior and many unit interiors.
- Growing population of 294,000 within five miles, 44% of whom rent their home, leading to solid housing spending of over $358 million in 2022.
PROPERTY FACTS
| Sale Conditions | Auction Sale | Lot Size | 1.93 AC |
| No. Units | 120 | Building Size | 44,000 SF |
| Property Type | Multifamily | Average Occupancy | 57% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1960 |
| Building Class | C | Cross Streets | S New Braunfels |
| Sale Conditions | Auction Sale |
| No. Units | 120 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.93 AC |
| Building Size | 44,000 SF |
| Average Occupancy | 57% |
| No. Stories | 2 |
| Year Built | 1960 |
| Cross Streets | S New Braunfels |
Amenities
Unit Amenities
- Balcony
- Cable Ready
- Heating
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Range
- Tub/Shower
- Walk-In Closets
- Pantry
- Patio
Site Amenities
- Laundry Facilities
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 114 | - | - |
| 2+1 | 3 | - | - |
| Studios | 3 | - | - |
PROPERTY TAXES
| Parcel Number | 07578-002-0342 | Improvements Assessment | $612,410 |
| Land Assessment | $67,590 | Total Assessment | $680,000 |
PROPERTY TAXES
Parcel Number
07578-002-0342
Land Assessment
$67,590
Improvements Assessment
$612,410
Total Assessment
$680,000
zoning
| Zoning Code | MF-33 (Multifamily) |
| MF-33 (Multifamily) |
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