14900 Nacogdoches Road
- Strong In-Place Performance: 96% Occupancy
- Value Add Upside With Remaining Classic Units
- Attractive Returns: 24.7 Projected Value Add IRR
Property Description
The Go-Getters Multifamily Team is pleased to present Rio @ 1604, a 132-unit value-add investment opportunity located in San Antonio, Texas. Originally constructed in 1985, the property has undergone a comprehensive renovation program that has already demonstrated its ability to generate meaningful rent growth and operational upside. To date, 80 units have been renovated, with 50 units remaining. The completed upgrades are achieving rental premiums in excess of $100 per unit, clearly validating strong market demand for enhanced interiors.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 132 |
| Year Built: | 1984 |
| 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
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout