Multifamily

Oak Creek & Windrush

6111 Vance Jackson Rd, San Antonio, TX 78230

Listing Price: Request For Offer

Number of Units
230
Occupancy
97.00%
Gross SF
212,456

Investment Overview

Marcus & Millichap is pleased to announce to exclusive listing of Oak Creek and Windrush, a two-property value-add portfolio in San Antonio, Texas. Built in 1972 and 1975, the portfolio offers an exceptional opportunity for a new investor to acquire 230 value-add units strategically located in the high-growth submarket of Northwest San Antonio. Similar vintage assets in the submarket have experienced an average of 3.6 percent rent growth in the trailing nine quarters. Current ownership has upgraded less than 25% of the units and is achieving up to $55 premiums for black appliances and vinyl-wood flooring. A new investor has the opportunity to continue and expand the unit enhancement program on the remaining units and implement various other income strategies to achieve significant increases in rental income. Additionally, current ownership has completed numerous capital projects, leaving minimal deferred maintenance for a new buyer.

Investment Highlights

  • Two-property, value-add portfolio in high-growth San Antonio submarket
  • 230 value-add units built in 1972 and 1975 with significant income upside
  • Numerous capital projects recently completed, leaving minimal deferred maintenance
  • Strategic, central location with convenient access to major employment centers

Exclusively Listed By

Listing Price: Request For Offer

Number of Units
230
Occupancy
97.00%
Gross SF
212,456

Investment Highlights

  • Two-property, value-add portfolio in high-growth San Antonio submarket
  • 230 value-add units built in 1972 and 1975 with significant income upside
  • Numerous capital projects recently completed, leaving minimal deferred maintenance
  • Strategic, central location with convenient access to major employment centers

Investment Overview

Marcus & Millichap is pleased to announce to exclusive listing of Oak Creek and Windrush, a two-property value-add portfolio in San Antonio, Texas. Built in 1972 and 1975, the portfolio offers an exceptional opportunity for a new investor to acquire 230 value-add units strategically located in the high-growth submarket of Northwest San Antonio. Similar vintage assets in the submarket have experienced an average of 3.6 percent rent growth in the trailing nine quarters. Current ownership has upgraded less than 25% of the units and is achieving up to $55 premiums for black appliances and vinyl-wood flooring. A new investor has the opportunity to continue and expand the unit enhancement program on the remaining units and implement various other income strategies to achieve significant increases in rental income. Additionally, current ownership has completed numerous capital projects, leaving minimal deferred maintenance for a new buyer.

Exclusively Listed By

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