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Multifamily

Aqua 16 Apartments

1640 Aquarena Springs Dr, San Marcos, TX 78666

Listing Price: Request For Offer

Number of Units
163
Gross SF
131,758

Investment Overview

Institutional Property Advisors, a division of Marcus & Millichap, has been selected to exclusively market for sale the Aqua 16 Apartments in San Marcos, Texas. Built in 1972, the 163-unit community is conveniently located along I-35, providing easy access to San Marcos Downtown Square, Tanger Outlets, San Marcos Premium Outlets, Texas State University, and the nearby metros of Austin and San Antonio. Aqua 16 Apartments feature modern one-, two-, and three-bedroom apartments and townhomes with fully equipped kitchens, generous storage space, a private patio or balcony, and an open design. Community amenities include two swimming pools, a picnic area with BBQ grills, welcoming clubhouse, 24-hour fitness center with free weights, and a coffee and tea bar. The property also offers two on-site laundry facilities, management and maintenance services, and a fenced-in pet park. Located less than one mile from Texas State University, Aqua 16 Apartments will offer immense value-add opportunities for new ownership. Current below-market rents and the ability to complete the interior renovations in all units will allow new ownership to generate increased cash flow in the near term, boosting returns. Additional income opportunities include adding washers & dryers, parking, carports, and valet trash. With 38,000 students within one mile, and San Marcos's growing prominence as a suburban outpost of Austin, Aqua 16 Apartments represents the ideal multifamily opportunity featuring substantial in-place cashflow and unique value-add upside.

Investment Highlights

  • Immense value-add opportunity just one-mile from Texas State University
  • Below-market rents and the finish-out of all interior renovations will provide additional cashflow generation opportunities and boost near-term return
  • Additional income-generating opportunities include the implementation of washer/dryers, parking, carports, and valet trash
  • Ideal location on I-35 provides unique access to San Marcos's premier shopping centers, Texas State University, and the nearby employment hubs of Austin and San Antonio

Exclusively Listed By

Financing By

Multifamily

Aqua 16 Apartments

Listing Price: Request For Offer

Number of Units
163
Gross SF
131,758

Investment Highlights

  • Immense value-add opportunity just one-mile from Texas State University
  • Below-market rents and the finish-out of all interior renovations will provide additional cashflow generation opportunities and boost near-term return
  • Additional income-generating opportunities include the implementation of washer/dryers, parking, carports, and valet trash
  • Ideal location on I-35 provides unique access to San Marcos's premier shopping centers, Texas State University, and the nearby employment hubs of Austin and San Antonio

Investment Overview

Institutional Property Advisors, a division of Marcus & Millichap, has been selected to exclusively market for sale the Aqua 16 Apartments in San Marcos, Texas. Built in 1972, the 163-unit community is conveniently located along I-35, providing easy access to San Marcos Downtown Square, Tanger Outlets, San Marcos Premium Outlets, Texas State University, and the nearby metros of Austin and San Antonio. Aqua 16 Apartments feature modern one-, two-, and three-bedroom apartments and townhomes with fully equipped kitchens, generous storage space, a private patio or balcony, and an open design. Community amenities include two swimming pools, a picnic area with BBQ grills, welcoming clubhouse, 24-hour fitness center with free weights, and a coffee and tea bar. The property also offers two on-site laundry facilities, management and maintenance services, and a fenced-in pet park. Located less than one mile from Texas State University, Aqua 16 Apartments will offer immense value-add opportunities for new ownership. Current below-market rents and the ability to complete the interior renovations in all units will allow new ownership to generate increased cash flow in the near term, boosting returns. Additional income opportunities include adding washers & dryers, parking, carports, and valet trash. With 38,000 students within one mile, and San Marcos's growing prominence as a suburban outpost of Austin, Aqua 16 Apartments represents the ideal multifamily opportunity featuring substantial in-place cashflow and unique value-add upside.

Exclusively Listed By

Financing By

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