Multifamily
The Annex
326 Whitewood St, San Antonio, TX 78242
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of The Annex, a 144-unit, value-add asset in San Antonio, Texas. The property is located in Southwest San Antonio, right outside of Lackland Air Force Base. Additionally, residents are within a 20-minute drive to the city’s largest employment centers, downtown San Antonio and Westover Hills.
The Annex recently underwent extensive renovations, giving the property a fresh, modern look and leaving minimal deferred maintenance. Current ownership implemented a unit enhancement program on just 25 percent of the property, leaving significant upside for new ownership. 106 units remain to be upgraded, and upgrade premiums currently range from $150-250/month.
The Annex
Investment Highlights
- 144-Unit, Value-Add Asset in San Antonio, Texas, Five Miles Southwest of Downtown and Positioned Just Outside of Lackland Air Force Base, the Largest Military Installation in Texas
- Immediate Upside Through Continued Upgrades to 75% of the Units ($150-250 Premiums)
- Recently Renovated Exteriors and Amenities, Leaving Minimal Deferred Maintenance
- Within a 20-Minute Drive to Major Employment Centers: Downtown and Westover Hills
Exclusively Listed By
Listing Price: Request For Offer
Investment Highlights
- 144-Unit, Value-Add Asset in San Antonio, Texas, Five Miles Southwest of Downtown and Positioned Just Outside of Lackland Air Force Base, the Largest Military Installation in Texas
- Immediate Upside Through Continued Upgrades to 75% of the Units ($150-250 Premiums)
- Recently Renovated Exteriors and Amenities, Leaving Minimal Deferred Maintenance
- Within a 20-Minute Drive to Major Employment Centers: Downtown and Westover Hills
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of The Annex, a 144-unit, value-add asset in San Antonio, Texas. The property is located in Southwest San Antonio, right outside of Lackland Air Force Base. Additionally, residents are within a 20-minute drive to the city’s largest employment centers, downtown San Antonio and Westover Hills. The Annex recently underwent extensive renovations, giving the property a fresh, modern look and leaving minimal deferred maintenance. Current ownership implemented a unit enhancement program on just 25 percent of the property, leaving significant upside for new ownership. 106 units remain to be upgraded, and upgrade premiums currently range from $150-250/month.
Exclusively Listed By
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