625 E Woodlawn Ave

Woodlawn Flats is a great investment opportunity in San Antonio, TX. As the asset is located St. Mary's Strip, the boutique apartment community is a comfort and cozy complex with all furnished apartment units. The entire complex, exterior and interior, have been renovated and decorated to offer an intimate and homely experience within the vibrant neighborhood. The entire complex is being operated with furnished rentals with the one long term resident and four short term rentals with thirty days stay minimum. The potential upside is to raise the rents by targeting individuals seeking furnished units, especially daily rates.
As the entire complex has been completely remodeled in the past two years, the exterior is freshly painted to deliver a classic atmosphere. The parking lot has new asphalt that demand an expedient environment. The front has new concrete with light landscaping to stipulate a relaxed community. There is an on-site laundry where residents use the washer and dryer for free. Lastly, there is a large garage in the rear building with two garage doors.
The entire complex has five units. There are two 2 bd. and 1 bth unit (1200 sq. ft. and 1250 sq. ft.) in the front with three 1 bd. and 1 bth. units (710 sq. ft., 700 sq. ft. and 800 sq. ft.) in the community. Each unit has spacious layout with stylish furniture (included in the sale). The units are newly remodeled with vinyl flooring, baseboards, and paint. Every unit contains wall ACs, but there are some with heaters (if not there are portable heaters). The living rooms, kitchen, and bathrooms have been upgraded in the renovation process. Finally, the landlord pays for electricity, sewage, trash, water, and INTERNET for current residents.
Cap and NOI available upon request.