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Garden Oaks Apartments - Availability Details

2129 Pat Booker Road, Universal City, TX 78148

  • For Sale $1,950,000
  • City Universal City
  • Zip Code 78148
  • Market San Antonio
  • Property Type Multi-Family
  • Property Size 17,080 Sqft
  • Lot Size 0.79 Acre
  • Year Built 1968
  • Date Updated 29 May, 2021
Garden Oaks Apartments is a 21-unit, garden-style asset located on the far northeast side of San Antonio in Universal City, Texas. The outstanding location right on busy Pat Booker Road benefits from the traffic of over 25,000 vehicles per day. Residents of Garden Oaks enjoy the convenient location, just over a mile to IH-35 and the Hwy 1604 Outer Loop. The asset is also just blocks from food, coffee shops, groceries, and shopping at Live Oak Crossing, The Forum shopping centers, and IKEA.
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Contacts

broker

Mark V. Diebold

Independence Commercial Advisors

(512) 667-4380

Highlights

  • Value-Add Opportunity
  • 100% occupied
  • Ten unit interiors left to be renovated
  • Potential returns of 17% cash-on-cash and 24% IRR by completing interior renovations, Stabilizing rents
  • Recent Capital Improvements
  • Interior renovations in 11 units
  • New Roofs and exterior paint in 2019
  • Strategic Location
  • Just blocks to food, shopping, and groceries
  • Just 1.25 miles to the IH-35 and the Hwy 1604 Outer Loop interchange
  • Only 15 miles from the San Antonio Riverwalk; 60 miles to Austin, Texas
  • Excellent Employment Drivers
  • Asset is conveniently located within 10 miles of all major employment centers in North San Antonio

Attachments

Contact Listing Broker

broker

Mark V. Diebold

Independence Commercial Advisors

(512) 667-4380

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