Summary: The Multifamily Group is pleased to present the exclusive offering of University Cove, a unique, value-add opportunity in San Antonio, Texas. Constructed in 1979, the property comprises 262 units averaging 718 square feet. The property offers one and two-bedroom floor plans. The property is currently 89% occupied. University Cove has an assumable loan with ~$16,500,000 remaining, and a 4.60% interest rate. The loan is in its interest-only period through March 31, 2026. The current owner has invested over $1.6MM in capital expenditures, including renovating 200 of the units (request a copy of the capex breakdown from a TMG broker). Value-Add: - Interior renovations - Add washers and dryers to the units that already have connections - Install carports - Convert previously used office space into a unit - Renew the expired laundry contract Location: University Cove is situated in a thriving area of San Antonio, encompassing over 118,000 residents within a 5-mile radius. Residents in this area are highly skilled, with a median household income of over $63,000. The property is located just 2-miles from the University of Texas at San Antonio. This prime location offers excellent access to major employers, including USAA’s headquarters and the University of Texas Health Science Center. Positioned right off Interstate-10, the property provides residents with convenient access to numerous destinations within a 10-minute drive, such as H-E-B, Sam’s Club, Costco, Sprouts, Chick-fil-A, Starbucks, and various other nationally recognized restaurants and retailers. Downtown San Antonio is a mere 15-minute drive southeast along I-10, ensuring an easy commute.