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Value-Add 32 Unit Apartment Complex With Significant Upside

2703 Observation Dr, San Antonio
ROI
19.41% IRR
Strategy
Long Term Rental
Occupied and cashflowing 32-unit apartment complex next to Lackland AFB. Major recent capex, with some units below market rent and in need of cosmetics.

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Value-Add 32 Unit Apartment Complex With Significant Upside

Listed 02/15/2023

2703 Observation Dr, San Antonio

Purchase Price:$3,250,000

Cash Outlay:$1,117,500

Cashflow:$4,525/mo

Cap Rate:7.00%

IRR:19.41%

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