703 Logwood Ave - Apartments FOR SALE


San Antonio, TX 78221- South Park
$2,100,000 USD
210-315-8885
703 Logwood Ave, San Antonio, TX for Sale
$2,100,000 USD
Apartments - FOR SALE
1/14
null | 5.18% Cap Rate

703 Logwood Ave
San Antonio, TX 78221
South Park


HIGHLIGHTS

  • CASH FLOWING ASSET- CONSISTENTLY OCCUPIED 24-UNIT APARTMENT COMMUNITY.
  • EXCEPTIONAL ACCESSIBILTY TO MANY OF SAN ANTONIO’S LARGEST EMPLOYMENT AND ECONOMIC DRIVERS.
  • VALUE ADD OPPORTUNITIES THROUGH STRATEGIC RENOVATIONS.
  • OFFERS IMMEDIATE CASH FLOW AND LONG-TERM UPSIDE POTENTIAL.

OVERVIEW

703 Logwood Avenue presents the opportunity to acquire a value add 24-unit multifamily asset strategically located in San Antonio's established South Park submarket. Situated on approximately 0.466 acres, the property encompasses 14,534 square feet of rentable living area and features a well-balanced unit mix of fourteen (14) one-bedroom/one-bathroom units and ten (10) two-bedroom/one-bathroom units. The property offers investors immediate In-place cash flow while also presenting a compelling value-add opportunity. New ownership may increase revenues through strategic interior and exterior improvements, operational efficiencies, and continued rent optimization, creating the potential to further enhance returns while maintaining strong occupancy. Located in the heart of the South Park area, 703 Logwood benefits from exceptional accessibility to many of San Antonio's largest employment and economic drivers. The property is less than 15 minutes from Downtown San Antonio, Lackland Air Force Base, major universities, healthcare facilities, and numerous employment centers, providing a diverse and resilient tenant base. The property unit mix is well-positioned to serve workforce housing demand from military personnel, students, healthcare workers, and local professionals seeking affordable housing options in a centrally located submarket. In addition to its near-term value-add potential, the asset offers investors the opportunity to benefit from long-term appreciation driven by San Antonio's continued population growth, expanding employment base, and increasing demand for attainable rental housing. As investment activity and redevelopment continue throughout the city's south and central corridors, 703 Logwood is well-positioned to capitalize on both operational upside and future market appreciation. 703 Logwood Avenue represents a rare opportunity to acquire a stabilized, cash-flowing multifamily asset with value-add potential in a supply-constrained infill location. The combination of current income, upside through improved operations, and long-term appreciation prospects, makes this offer attractive to both yield-focused investors and 1031 exchange buyers seeking durable multifamily fundamentals in one of Texas' fastest-growing metropolitan areas.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$158 USD /SF

# OF UNITS

24

PRICE/UNIT

$87,500

CAP RATE

5.18%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Century South Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1976

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

MF-33

APN/PARCEL ID

09392-117-0230

ASK ABOUT THIS PROPERTY

Uri UriahURIAH Real Estate Organization, LLCMore Info
210-315-8885

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Uri UriahURIAH Real Estate Organization, LLCMore Info
210-315-8885

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