972-379-9862
9001 Wurzbach Rd, San Antonio, TX for Sale
Apartments - FOR SALE
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9001 Wurzbach Rd
San Antonio, TX 78240
Medical Center


HIGHLIGHTS

  • $11.5+ Million in Value-Add Creation 
  • 222 Remaining Classic Units – Renovated Units Have Demonstrated an Average Rent Increase of $175/Unit/Month
  • 37,000+ Vehicles Passing per Day (Yardi)
  • $2.3+ Million Invested in Capital Expenditures 
  • 11% Cash-On-Cash Averaged Over 5 Years
  • Across the Street from the USAA Corporate Office

OVERVIEW

Summary: The Multifamily Group is pleased to present The Helix, an exclusive value-add opportunity in San Antonio, Texas. Built in 1981 and 1984, this 400-unit community features a mix of 324 garden-style apartments (1981) and 76 townhomes (Built in 1984). Offering a diverse selection of nine floorplans, The Helix includes one- and two-bedroom layouts, with unit sizes ranging up to 1,000 square feet and an average unit size of 767 square feet. Currently 91% occupied, the property is being offered free and clear of existing debt. Ownership has invested over $2.3 million in improvements. Capital Expenditures: - $1.5MM Interior Renovations - $137,000 HVAC Replacements - $87,000 Exterior Paint - $61,000 Office Interior Renovations - $61,000 Landscaping - $45,000 Signage - See more on pages 9-10 of the OM Value-Add: - Premium Interior Renovations (222 Classic Units - $175 Average Proven Premiums) - Community Wifi - In-Unit Washers and Dryers (267 with Connections) - Implement Valet Trash - Reserved and Covered Parking - Electronic Package Delivery Lockers - See in-depth analysis on pages 11-12 of the OM Property Location: The Helix is situated in a thriving area of San Antonio, encompassing over 350,000 residents within a 5-mile radius, with a median income exceeding $53,000 per year. This prime location offers excellent access to major employers, including USAA’s headquarters—a Fortune 500 company—and the University of Texas Health Science Center. Positioned just half a mile from Interstate 10, the property provides residents with convenient access to numerous destinations within a 10-minute drive, such as H-E-B, Sam’s Club, Costco, Sprouts, Chick-fil-A, Starbucks, and various other nationally recognized restaurants and retailers. Downtown San Antonio is a mere 15-minute drive southeast along I-10, ensuring an easy commute.

FOR SALE DETAILS

PRICE

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# OF UNITS

400

CAP RATE

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% LEASED

87%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Helix

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

610

LAND DETAILS

LAND ACRES

14.92 AC

LAND SF

649,915 SF

ZONING

MF-33

APN/PARCEL ID

14795-001-0042,14795-001-0072,14795-001-0073

ASK ABOUT THIS PROPERTY

Chase DavisThe Multifamily GroupMore Info
972-379-9862

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Chase DavisThe Multifamily GroupMore Info
972-379-9862

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.