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Multifamily

Northgate Apartments

539 Eleanor Ave, San Antonio, TX 78209

Listing Price: $3,700,000

Cap Rate
3.54%
Number of Units
50
Occupancy
80.0%
Price/Unit
$74,000

Investment Overview

Marcus & Millichap is pleased to announce the exclusive listing of Northgate Apartments, a 50-unit apartment community in the coveted 78209 zip code of San Antonio, Texas. Constructed in 1960, this rare value-add asset consists of two-buildings, stands on 1.10 acres of land and offers an attractive opportunity for income growth potential for an investor. The 50-unit community is composed of 18 studio units, 16 one-bedroom/one-bath units and 16 twobedroom/one-bath units.

Investment Highlights

  • Upside Through Interior & Exterior Upgrade Program
  • Located in 78209; Minutes from the Pearl
  • Bridge Loan Financing Available

Exclusively Listed By

Financing By

Multifamily

Northgate Apartments

Listing Price: $3,700,000

Cap Rate
3.54%
Number of Units
50
Occupancy
80.0%
Price/Unit
$74,000

Investment Highlights

  • Upside Through Interior & Exterior Upgrade Program
  • Located in 78209; Minutes from the Pearl
  • Bridge Loan Financing Available

Investment Overview

Marcus & Millichap is pleased to announce the exclusive listing of Northgate Apartments, a 50-unit apartment community in the coveted 78209 zip code of San Antonio, Texas. Constructed in 1960, this rare value-add asset consists of two-buildings, stands on 1.10 acres of land and offers an attractive opportunity for income growth potential for an investor. The 50-unit community is composed of 18 studio units, 16 one-bedroom/one-bath units and 16 twobedroom/one-bath units.

Exclusively Listed By

Financing By

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