- Strategic San Antonio Location Near Lackland Air Force Base
- 2007 Construction – Well-Maintained Asset with High Historical Occupancy
- Projected Double-Digit Cash Returns with Projected Annual Returns in Excess of 20%
- Multiple Value-Add Opportunities – Including Additional Units
- Attractive Assumable Debt with Fixed Rate Interest at 3.48% and 2 Years of Interest-Only Remaining, Supplemental Available
Strategic San Antonio Location Near Lackland Air Force Base
Thompson Villas, located in west-central San Antonio, provides convenient access to Hwy 90 and Interstate 10. The property is situated only 10 minutes from downtown San Antonio and near many other employment, recreation and retail demand drivers including Lackland Air Force Base, JBSA Kelly Field, Pearsall Park, South Park Mall, and other west-side destinations such as Sea World Texas and Nelson Wolf Stadium, home to the San Antonio Missions’ minor league baseball club.
2007 Construction – Well-Maintained Asset with High Historical Occupancy
Thompson Villas is a newer construction (2007) gated community with a strong historical occupancy. All 20 units are large 3-bedroom, 2-bath floor plans with 1,075 square feet of living space. Ownership has invested over $10,000 per unit in the property within the past 3 years, including new roofs on all buildings (2021), newly resurfaced & striped parking lot (2023), and recently renovated units including paint, flooring, fixtures, and some appliances. The stucco exterior is well-maintained and there are 39 parking spaces. Each unit provides conveniently located washer & dryer connections. Electricity is paid directly by the tenants, water/sewer is billed back through full RUBS implementation, and tenants also pay trash and pest fees. All units have front and back door entry ways, patios & balconies, and the property is monitored by a security system that includes a license plate camera. In addition ,each building has new gutter systems, complete with leaf guards.
Projected Double-Digit Cash Returns with Projected Annual Returns in Excess of 20%
With a projected cap rate in the 7% + range, the portfolio is offered with substantial positive leverage, allowing an investor to achieve projected double-digit, cash-on-cash returns and projected annual returns in excess of 20%.
