la bella apartments - loopnet · avg. mkt. rent*: $576 avg. mkt rent/sf*: $0.96 *as of august 2019...
TRANSCRIPT
# OF UNITS:
24YEAR BUILT:
1960RENTABLE AREA (SF):
14,410AVG. UNIT SIZE (SF):
600SITE SIZE (ACRES):
.63AVG. MKT. RENT*:
$576AVG. MKT RENT/SF*:
$0.96*as of August 2019
LA BELLA APARTMENTS24 Units | San Antonio, TX | Value-Add Opportunity
FOR MORE INFORMATION CLICK HERE TO VISIT THE PROPERTY WEBSITE:
LA BELLA APARTMENTS
102 CLUB DRIVE, 78201
SAN ANTONIO
SALES PRICE:
$1,450,000
SCOTT WEEMS, CCIMSENIOR DIRECTOR+1 210 305 [email protected]
MIKE WATSONSENIOR DIRECTOR+1 210 305 [email protected]
MARK V. DIEBOLDDIRECTOR+1 210 305 [email protected]
200 EAST GRAYSON STREET, SUITE 124, SAN ANTONIO, TEXAS 78215 // PHONE +1 210 824 9080 // FAX +1 210 824 1840
INVESTMENT HIGHLIGHTS
MULTIFAMILY ADVISORY GROUP
BRYAN VANCURAASSOCIATE+1 210 321 [email protected]
• VALUE-ADD OPPORTUNITY - Potential returns of 14% cash-on-cash and 18% IRR through light interior and exterior upgrades, rent stabilization and RUBS.
• TOP OF THE MARKET OPPORTUNITY - Immediate submarket has had no new construction in the last 12 months, and very few units are expected for delivery in the next 12 months.
• STRATEGIC LOCATION - Situated directly on the main thoroughfare connecting the Medical Center to Downtown and only 3.5 miles from the Pearl Brewery, the location offers easy access to IH-10 an Loop 1604.
• EXCELLENT EMPLOYMENT DRIVERS - Asset is conveniently located within 10 miles of all major employment centers in north San Antonio.
LEAD