$60,000,000
11800 Braesview Dr., SAN ANTONIO, TX 78213
Current Rent **
$10,000+
Projected Rent **
$10,000+
Estimated Rent †
Estimated Rent Confidence ‡
Very High
680 UNITS IN SAN ANTONIO TX!!!
FINANCIAL INFO AND OPERATING MEMORANDUM AVAILABLE UPON REQUEST!
Place at Castle Hills, a 680-unit, value-add asset in San Antonio,
Texas. The property is centrally located between the city’s four
major thoroughfares, immediately north of the affluent Castle
Hills neighborhood and west of the San Antonio International
Airport. Castle Hills boasts exceptional demographics with an
average household income exceeding $140k. Nearby major
employers include the South Texas Medical Center, USAA, iHeart
Media, and more. Current ownership has completed numerous
capital projects and upgraded more than 70 percent of the
units, allowing for a new investor to continue upgrades on the
remaining 198 units to fully capture significant rent premiums.
Year Built 1984
Number of Units 680
Total Square Feet 466,936 Square Feet
Average Unit Size 687 Square Feet
Site Size 23.28 Acres
Density 29.2 Units per Acre
Borders the Castle Hills Neighborhood, which Boasts
Exceptional Demographics ($140k+ Avg. HH Income).
Surrounded by Major Employers: USAA, iHeart Media,
South Texas Medical Center, and more
Signif icant Value-Add Upside and $4.2 Million in Capital
Projects Recently Completed.
Central Location Just West of San Antonio International
Airport and Eight Miles North of Downtown.
680 Value-Add Units, Built 1984 in Affluent
Neighborhood of San Antonio, Texas.
Location:
11800 Braesview Dr., SAN ANTONIO, TX 78213
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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.
** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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