11803 Alamo Blanco
Property Description
BOUTIQUE TOWNHOME COMMUNITY, DESIRABLE UNIT MIX Wild Flower Townhomes is a 24-unit, 1983-vintage townhome community located in Northeast San Antonio. The property features a unique unit mix comprised of large, two-story townhome units, all two- and three-bedroom floor plans, appealing to tenants seeking additional bedroom count and flexible living arrangements. Each unit is equipped with a large laundry room with full-sized washer/dryer connections, front and back entry, small private backyards (some units) and an open kitchen/living room layouts. All two-bedroom units are equipped with attached garages, a highly sought-after amenity that enhances tenant convenience and supports rental premiums. STABLE TENANT BASE, THREE-BEDROOM CONVERSION OPPORTUNITY Due to lack of available rental inventory of larger floor plans, Wild Flower Townhomes attracts a high-retention tenant base with above-average length of tenancy. with current occupancy below stabilized levels, a new owner can achieve above-market yield through continued lease-up. Originally built as 24 two-bedroom units with attached garages, current ownership converted garages into additional bedrooms in nine units, creating a three-bedroom floor plan that commands a significant rental premium over the base unit mix.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 24 |
| Year Built: | 1983 |
| Lot Size: | 1.27 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout