An exceptional investment opportunity. Unlock the potential of this
28 unit garden-style apartment complex in Balcones Heights. Where the current owners faced challenges, this is your chance to transform Coral Gables into a truly exceptional property. This complex is ideal to stabilize for working class families or elevate the space into high-end garden apartments. The opportunities are endless.
Property Details:
* Unit Composition
15 one-bedroom apartments (685-746sf) 13 two-bedroom apartments (850-1031sf)
Despite the current underwhelming condition, the rents are already close to market rates indicating significant potential. Each apartment features access to the community pool, convenient on-site laundry facility, and parking that encircles the complex.
Apartment Features:
* Complete appliance package
* Predominantly wood-look vinyl plank flooring
* Numerous units have been partially remodeled in the last five years * Individual metered electricity
* Monthly fees for water, administration, and miscellaneous expenses
Location and Accessibility:
Coral Gables is strategically located near major employers such as USAA and South Texas Medical Center. Residents enjoy easy access to Downtown San Antonio, Joint Base Fort Sam, and a plethora of local retailers, restaurants, service establishments, entertainment districts, and other major destinations.
Invest now to bring this property to it's full glory!