Multifamily in San Antonio TX

[Hengky Lim]

Background: We are out of states investor from CA looking to purchase a multifamily consist of 8 or more units in San Antonio, Texas. We come across two properties in two different locations. 

1. Property #1, location between freeway 13 and 35 on SW military dr. Claimed as nicer neighborhood per seller.

2. Property #2, located between freeway 368 and 410 in Village North, claimed as high rental demand area and lots of retails per seller

Does anyone have any knowledge or familiar with the locality of these locations? And which location will be your preference if you to buy based on locations. We just try not to get ourselves into D neighborhood or area where no pm want to manage it.

Thank you so much for taking your time to read and response to our thread. We appreciate it!

[Rodger Fore]

Quote from @Hengky Lim:

Background: We are out of states investor from CA looking to purchase a multifamily consist of 8 or more units in San Antonio, Texas. We come across two properties in two different locations. 

1. Property #1, location between freeway 13 and 35 on SW military dr. Claimed as nicer neighborhood per seller.

2. Property #2, located between freeway 368 and 410 in Village North, claimed as high rental demand area and lots of retails per seller

Does anyone have any knowledge or familiar with the locality of these locations? And which location will be your preference if you to buy based on locations. We just try not to get ourselves into D neighborhood or area where no pm want to manage it.

Thank you so much for taking your time to read and response to our thread. We appreciate it!

I have lived here for 37 years.  I would say of the 2, the 2nd one would be in a better area.  The first one I would not consider the best side of town.  It is lower income high poverty and not in the best school districts.

San Antonio has two loop highways around it.  410 is the smaller one and 1604 is the bigger. The builds that are 20 years and newer will tend to be outside 1604 from the far west side at 90 and follow 1604 to the NE side at 35.  As you travel along 1604 to the Nw, N and NE side of town you will find upper middle middle class homes inside 1604 and some all the way to the inner circle of 410.  There are expensive homes in trendy areas downtown.  Also north out of town along I-10 toward Boerne and north out of town along 281 are upper class homes.

Until recently there aren’t much small multi family in nicer areas in San Antonio.  I have seen more newer builds but you will pay too dollar for them.