427 Montrose Ave - Apartments FOR SALE


San Antonio, TX 78223- Hot Wells
$5,650,000 USD
210-330-4999
427 Montrose Ave, San Antonio, TX for Sale
$5,650,000 USD
Apartments - FOR SALE
1/37
null | 7.83% Cap Rate

427 Montrose Ave
San Antonio, TX 78223
Hot Wells


HIGHLIGHTS

  • Stabilized property with a 9-month average occupancy of 94%
  • 85% of units already upgraded
  • $750,000 in strategic upgrades

OVERVIEW

Located just 6 miles south of downtown San Antonio in the Hot Wells neighborhood, The Crossings at Montrose is a fully renovated multifamily community with excellent access to I-37 and major transit routes. This 427 Montrose Ave. asset is performing at the top of the local rental market, boasting 94% average occupancy over 9 months and 97.6% over the last 3—proof of strong demand. With 85% of units already upgraded, there’s immediate cash flow plus upside potential in completing the remaining value-add. Reduce loss-to-lease, increase rents, and tap into steady income with this stabilized, high-performing property. Good Location. Proven Returns. Built-in Upside.

FOR SALE DETAILS

PRICE

$5,650,000 USD

PRICE/SF

$128 USD /SF

# OF UNITS

72

PRICE/UNIT

$78,472

CAP RATE

7.83%

% LEASED

57%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Crossings at Montrose

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.93 AC

LAND SF

84,071 SF

ZONING

MF-33

APN/PARCEL ID

07578-002-0342

ASK ABOUT THIS PROPERTY

Roxana TofanClear Integrity GroupMore Info
210-330-4999

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Roxana TofanClear Integrity GroupMore Info
210-330-4999

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.