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535 W Hutchins Place - Hutchins Palms Apartments, San Antonio, TX

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DetailMap
535 W Hutchins Place - Hutchins Palms Apartments

San Antonio, TX 78221-2700 - South Submarket

(2.2 MB)

Property Type:Multi-Family Number of Units:45 Status:Existing Year Built:1986
Stories:2 Building Size:30,900 SF Land Area:1.59 AC (69,260 SF)
For Sale Price:$1,650,000 Price/Unit:$36,666.67 Cap Rate:8.20 % GRM:-

Parking:2.43 Parking Spaces / 1,000 SF


Hutchins Palms Apartments was built in 1986 and consists of 45 units with 30,900 square feet of rental space. The property offers two spacious floor plan, including 17 one-bedroom, one-bath 500 square feet units and 28 two-bedroom, one-bath 800 square feet units. The property offers a clothes-care center, playground, extra storage, gated driveway and mature landscaping. Unit amenities include air conditioning, walk-in closets, ceiling fans, faux wood flooring and vaulted ceilings. Hutchins Palms is a well-manicured “Class B” asset that offers tenants comfort, convenience and affordability.

Exterior Capital Projects Completed
New Exterior Paint
Playground
Seal and Stripe Parking Lot
40% A/C Replacement
New Sidewalks Between Buildings
Exterior Lighting
Landscaping
New Signage on Buildings and Street
Fenced Side and Back Driveways
Interiors (As Needed)
Carpets
Faux Wood Flooring (1st Floor Units)
Appliances
Resurfaced Countertops

Hutchins Palms Apartments is located in San Antonio, Texas off of Interstate 35 and busy Southwest Military Drive on West Hutchins Place. The property offers quiet and cozy living accommodations for residents seeking convenience to schools, employment, and retail and entertainment venues. Southwest Military Drive is noted as one of San Antonio’s most populated streets with abundant retail and restaurant venues. Hutchins Palms is conveniently located on the bus line and across the road from the Vestal Elementary School and is within walking distance to Terrell Wells Middle School and McCollum High School.




Sale Notes:
Hutchins Palms Apartments was built in 1986 and consists of 45 units with 30,900 square feet of rental space. The property offers two spacious floor plan, including 17 one-bedroom, one-bath 500 square feet units and 28 two-bedroom, one-bath 800 square feet units. The property offers a clothes-care center, playground, extra storage, gated driveway and mature landscaping. Unit amenities include air conditioning, walk-in closets, ceiling fans, faux wood flooring and vaulted ceilings. Hutchins Palms is a well-manicured “Class B” asset that offers tenants comfort, convenience and affordability.

Exterior Capital Projects Completed
New Exterior Paint
Playground
Seal and Stripe Parking Lot
40% A/C Replacement
New Sidewalks Between Buildings
Exterior Lighting
Landscaping
New Signage on Buildings and Street
Fenced Side and Back Driveways
Interiors (As Needed)
Carpets
Faux Wood Flooring (1st Floor Units)
Appliances
Resurfaced Countertops

Hutchins Palms Apartments is located in San Antonio, Texas off of Interstate 35 and busy Southwest Military Drive on West Hutchins Place. The property offers quiet and cozy living accommodations for residents seeking convenience to schools, employment, and retail and entertainment venues. Southwest Military Drive is noted as one of San Antonio

Hendricks & Partners
Will Caruth
(210) 377-2768




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