- Strategic San Antonio Location Close to Downtown
- 1985 Construction with Over $775,000 in Recent Capital Improvements
- Well-Maintained, Well-Managed Asset with Stable Occupancy over 95%
- Multiple Value-Add Opportunities
- Solid Going-In Cash Returns with Projected Annual Returns in Excess of 20%
- Offered Free and Clear of Existing Debt
Strategic San Antonio Location Close to Downtown
Southcross Villas, located in southeast San Antonio, provides convenient access to Interstate 37 and Loop 410. The property is situated only 10 minutes from downtown San Antonio. Many other employment, recreation, and retail demand drivers are nearby, including Brooks City Base, Southside Lions Park, Salado Park Greenway, San Antonio Missions National Historical Park and Lake Calaveras Park. Nearby Southeast Military Highway is a retail, recreation, and dining destination.
1985 Construction with Over $775,000 in Recent Capital Improvements
Built in 1985, Southcross Villas offers 85 units. Within the past two years, current ownership has invested over $775,000 into the property. Of the 85 total units, 65 have been renovated during this time with new flooring, paint, fixtures, tile back splashes, and appliances. Additionally, over $150,000 has been invested in repairs to balconies and stairwells, and the pool has been completely refurbished.
Well-Maintained, Well-Managed Asset with Stable Occupancy over 95%
Southcross Villas is incredibly well-maintained, contributing to the historically stable occupancy over 95%. The stucco exterior is well maintained and there is ample parking. There is a laundry facility on site. Electricity is paid directly by the tenants, water/sewer is billed back through RUBs, and tenants also pay trash and pest fees.
