Summary:
The Multifamily Group is pleased to present the Arc at Kendalia, a 12-unit community in San Antonio, Texas. Built in 1985, the property offers six one-bedroom one-bathroom units and six two-bedroom one-bathroom units, each equipped with vinyl plank flooring, kitchen appliances, ceiling fans, painted cabinets with modern cabinet pulls, and two-tone paint. The Arc at Kendalia is being offered free and clear of existing debt.
Value-Add:
- Renovate the remaining two units to capture an estimated $175/month/unit average rental premium
- Charge a premium for the first floor units which include private patios and enclosed yards
- Add in-unit washer and dryer hookups and appliances to two-bedroom floorplans
- Install carports
- Offer a cable and internet package
Prime Location:
Located in the Harlandale neighborhood, the Arc at Kendalia Ave offers residents a convenient and walkable environment, with H-E-B nearby and several shopping centers like Military Plaza and Pleasanton Point within a 5-minutes. Downtown San Antonio, known for its vibrant River Walk and historic sites, is just a short drive away, providing easy access to cultural and entertainment venues. Additionally, the neighborhood is close to recreational spots like Espada Park, offering outdoor activities for residents.