Buena Vista Apartments

Description:

The Go-Getters Multifamily team is pleased to present the exclusive offering of Buena Vida Apartments, a unique, value-add opportunity in San Antonio, Texas. Constructed in 1968, Buena Vida consists of 28 units averaging 590 square feet. The asset consists of three different buildings and separate floorplans, including both one and two-bedrooms. The property is currently 100% occupied and maintains stable occupancy each month.  There have been continuous improvements in the asset as recent capital expenditures including HVAC replacements, electrical upgrades, and unit rehabs have all been implemented.


This asset is in a growing retail and industrial - driven location as it is located directly off US Highway 281. This provides excellent demand for major employers and gives residents direct access to other major highways such as I-35. and IH 37  Buena Vida Apartments benefits from its proximity to recent expansions in employment opportunities ranging from industrial, and retail-focused employers, including Target, HEB, Burlington, Navistar Plant, and the Amazon Distribution Center. 


This property provides a new owner to obtain an asset where the in-place rents are at or below 50% of the median area income. This gap provides a new owner room to capture the significant loss to lease present today. 

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