Coral Gables Apartments | 516 Gentleman Rd
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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!
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!
Data Room Click Here to Access
- Operating and Financials
- Third Party Reports
Property Facts
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 |
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Walk Score ®
Very Walkable (70)
PROPERTY TAXES
Parcel Number | 05894-000-0033 | Improvements Assessment | $965,790 |
Land Assessment | $234,210 | Total Assessment | $1,200,000 |
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 |
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Coral Gables Apartments | 516 Gentleman Rd
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