Alamo Estates

• ▶ Alamo Estates is being offered as a loan assumption at 4.21% fixed rate through October 2031– well below current market rates.
• ▶ Excellent location with great access to 410 Loop, I-35 and I-10 and a multitude of great paying jobs including HEB Distribution Centers (multiple), Walmart Supercenter, Home Depot, and Amazon Fresh Food DC.
• ▶ Outstanding value add opportunity with 160 +/- units ready to upgrade. Additional rental upside can be realized via kitchen and bathroom modernization, and/or washer/dryer addition, technology upgrades and a package locker to name a few.
• ▶ Current owners spent close to $1.8mm on Capital Improvements, mainly on modernizing exterior and adding amenities.
• ▶ Alamo Estates has a resort-type feel with lush landscaping, beautiful pool, fitness center overlooking pool, outdoor kitchen grilling station with pavilion plus a new dog park and playscape.
• ▶ Rents are approximately $200 below market.

Property Description

Alamo Estates Apartments is a 208-unit multifamily community located in the Camelot submarket of San Antonio, Texas. The garden-style property was built in 1974 and is comprised of two-story apartment buildings constructed of masonry / brick with hardi siding and pitched roofs. Alamo Estates offers a variety of spacious and contemporary one-, two-, and three-bedroom residences featuring fully equipped kitchens, wood-style flooring, and private patios / balconies. Common area amenities include a resort-style swimming pool, an outdoor kitchen, a dog park, a fitness center, and laundry room. The grounds span 9.64 acres and feature a lush, mature landscaping.