Marcus & Millichap is pleased to present the exclusive listing of The Annex, a 144-unit, value-add asset in San Antonio, Texas. The property is located in Southwest San Antonio, right outside of Lackland Air Force Base. Additionally, residents are within a 20-minute drive to the city’s largest employment centers, downtown San Antonio and Westover Hills. The Annex recently underwent extensive renovations, giving the property a fresh, modern look and leaving minimal deferred maintenance. Current ownership implemented a unit enhancement program on just 25 percent of the property, leaving significant upside for new ownership. 106 units remain to be upgraded, and upgrade premiums currently range from $150-250/month.