Contacts
Abraham Garza III
GREA
(713) 595-9582
Jordon Emmott
GREA
(713) 595-9584
Shayan Hasnain
(713) 595-9580
Jamie Harrington
GREA
(713) 595-9581
Property Details
- Property Type Other
- Property Size 164,785 SF
- Units 208
- Year Built 1974
- Date Updated Apr 24, 2024
- Website alamoestates.sharplaunch.com
Alamo Estates Apartments is a renovated 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 clubhouse, a fitness center, and laundry room. The grounds span 9.64 acres and feature a lush, mature landscaping.
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Highlights
- 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 168+ units not upgraded and additional rent growth potential via addition of washer/dryer, technology package, and package locker implementation of these strategies could yield $595,000 in additional revenue.
- 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 which should yield additional rent and NOI.
Attachments
Getting around
-
74/100
Walk Score ®
-
36/100
Transit Score ®
-
52/100
Bike Score ®
Location
- City San Antonio, TX
- Neighborhood Camelot - East Village
- Zip Code 78218
- Market San Antonio
Points of Interest
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Wonderland Express Train Station
2.31 miles
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Longhorn and Western Train Platform
4.31 miles
-
San Antonio Zoo Eagle Train Station
6.49 miles
-
San Antonio
8.49 miles
-
H-E-B Fuel
0.62 miles
-
Shell
0.96 miles
-
Valero
1.01 miles
-
Valero
1.29 miles
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Shell
1.31 miles
-
Exxon
1.43 miles
-
Valero
1.85 miles
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Chevron
1.95 miles
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Valero
2.10 miles
-
H-E-B Fuel
2.23 miles
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Vistor parking
3.64 miles
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SAMMC Parking Garage
4.06 miles
-
Lot 2
4.14 miles
-
Lot 1
4.19 miles
-
Lot 3
4.25 miles
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Lot 7
4.32 miles
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Lot 6
4.39 miles
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Lot 5
4.47 miles
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Lot 4
4.51 miles
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Car Pool Parking
5.10 miles
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Holiday Inn Express & Suites
0.98 miles
-
Drury Inn & Suites
1.03 miles
-
Days Inn by Wyndham San Antonio
1.45 miles
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Super 8
1.46 miles
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Value Place
1.50 miles
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Comfort Suites San Antonio Ft. Sam Houston/SAMMC Area
1.68 miles
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La Quinta Inn by Wyndham San Antonio I-35 N at Rittiman Rd
1.82 miles
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Quality Suites
1.91 miles
-
Budget Lodge San Antonio
2.07 miles
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La Quinta Inn & Suites
2.12 miles
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Walmart Supercenter
0.29 miles
-
H-E-B
0.62 miles
-
H-E-B
2.33 miles
-
Target
2.53 miles
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Walmart Supercenter
3.24 miles
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H-E-B
3.24 miles
-
H-E-B
3.31 miles
-
Walmart Supercenter
3.39 miles
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Walmart Neighborhood Market
3.42 miles
-
Walmart Supercenter
3.57 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
