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Coral Gables Apartments 516 Gentleman Rd

28 Unit Apartment Building For Sale San Antonio, TX 78201

Investment Highlights

  • True added value opportunity
  • Garden style apartments
  • Excellent rent upside possible

Executive Summary

An exceptional investment opportunity. Unlock the potential of this
28 unit garden-style apartment complex in Balcones Heights. Where the current owners faced challenges, this is your chance to transform Coral Gables into a truly exceptional property. This complex is ideal to stabilize for working class families or elevate the space into high-end garden apartments. The opportunities are endless.
Property Details:
* Unit Composition
15 one-bedroom apartments (685-746sf) 13 two-bedroom apartments (850-1031sf)
Despite the current underwhelming condition, the rents are already close to market rates indicating significant potential. Each apartment features access to the community pool, convenient on-site laundry facility, and parking that encircles the complex.
Apartment Features:
* Complete appliance package
* Predominantly wood-look vinyl plank flooring
* Numerous units have been partially remodeled in the last five years * Individual metered electricity
* Monthly fees for water, administration, and miscellaneous expenses
Location and Accessibility:
Coral Gables is strategically located near major employers such as USAA and South Texas Medical Center. Residents enjoy easy access to Downtown San Antonio, Joint Base Fort Sam, and a plethora of local retailers, restaurants, service establishments, entertainment districts, and other major destinations.
Invest now to bring this property to it's full glory!

Attachments

Coral Gables OM

Data Room Click Here to Access

Property Facts

Sale Type Investment
Sale Conditions
Distress Sale
  • Deferred Maintenance
No. Units 28
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 1.07 AC
Building Size 22,537 SF
Average Occupancy 39%
No. Stories 2
Year Built 1962
Parking Ratio 1.6/1,000 SF

Unit Amenities

  • Air Conditioning
  • Disposal
  • Microwave
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Refrigerator
  • Oven
  • Range
  • Walk-In Closets
  • Window Coverings

Site Amenities

  • Courtyard
  • Laundry Facilities
  • Pool
  • Public Transportation

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 15 - 685 - 746
2+1 13 - 850 - 1,031
Walk Score ®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
05894-000-0033
Land Assessment
$234,210
Improvements Assessment
$965,790
Total Assessment
$1,200,000

zoning

Zoning Code R-6
R-6
  • Listing ID: 33676934

  • Date on Market: 10/29/2024

  • Last Updated:

  • Address: 516 Gentleman Rd, San Antonio, TX 78201

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