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- LoopNet Team
4535 Schertz Rd
San Antonio, TX 78233
Cliffside Apartments · Build-to-Rent Property For Sale
·
28 Units
INVESTMENT HIGHLIGHTS
- 7.5% Cap Rate
- Value Add Opportunity
PROPERTY FACTS
| No. Units | 28 | Property Size | 28,000 sq ft |
| Property Type | Build-to-Rent | Average Occupancy | 82% |
| Property Subtype | Apartment | No. Floors | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1987/2019 |
| Costar Property Class | C | Parking Allocation | 2.14/1,000 sq ft |
| Total Plot Size | 1.42 ac | ||
| Use Class | C-2 | ||
| No. Units | 28 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Costar Property Class | C |
| Total Plot Size | 1.42 ac |
| Property Size | 28,000 sq ft |
| Average Occupancy | 82% |
| No. Floors | 2 |
| Year Built/Renovated | 1987/2019 |
| Parking Allocation | 2.14/1,000 sq ft |
| Use Class | C-2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Wooden Floors
- Refrigerator
- Oven
- Range
- Walk-In Closets
- Patio
ABOUT 4535 SCHERTZ RD , SAN ANTONIO, TX 78233
Heros Village is a Class "B" apartment community located in north San Antonio. Built in 1983, the complex features pitched roofs & the units are individually metered for electricity. Water/Trash is currently being billed back to residents. New Ownership has tremendous upside by continuing the rehab process & raising rents to market levels. The current owners has implemented a rehab program that included parking lots, flooring, paint HVAC’s s, appliances & exterior doors. New Ownership has the opportunity to continue this program & add kitchen/bath upgrades to raise rents to the market level. Improved management operations ( Better collection efforts & Better tenant selection) will continue to add value for the new owners. The current management team is mostly out of town, but a better management strategy and implementation will continue to improve collections and tenant profile.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 3+2 | 28 | - | 1,005 |
PROPERTY TAXES
| Parcel Number | 14337-004-0351 | Improvements Assessment | £1,825,774 |
| Land Assessment | £199,410 | Total Assessment | £2,025,183 |
PROPERTY TAXES
