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THE OPPORTUNITY

Axio presents an excellent value-add opportunity with proven in place rent growth in the heart of the Medical Center and USAA submarket. Current ownership has incurred the majority of the exterior rehab costs and 45% of the interiors leaving the bulk of the value-add rent growth for the new ownership. Neighboring assets of similar vintage are currently upgrading units with granite countertops, stainless steel appliances, and new cabinetry. By implementing a more robust interior upgrade program on the remaining 200 +/- units, new ownership will capitalize on increased value-add rental revenue while staying competitive in the high demand infill submarket.

INVESTMENT HIGHLIGHTS

  • Townhouse-Style Units with Attached Garages
  • Proven In-Place Value-Add Program with Upside
  • Unique Amenities: Two Pools, Basketball Court, Tennis Court, Sand Valleyball
  • Excellent Infill Medical Center | USAA Location
  • Additional Revenue Potential with Three-Bedroom Conversions

THE PROPERTY

Amenities

interior Amenities

  • Fully Equipped Kitchen
  • Ceiling Fans
  • Large Closets
  • Vaulted Ceilings*
  • Fireplace*
  • Plush Carpet
  • Washer | Dryer Connections*
  • Extra Storage
  • Private Patio*
  • Rooftop Deck*
  • Attached Garages* *Select Units

upgraded unit Amenities

  • Fully Equipped Designer Kitchen
  • Modern Brushed Nickel Hardware and Fixtures
  • Granite Countertops
  • Glass Mosiac Backsplash
  • Two-Inch Faux-Wood Blinds
  • Designer Light Fixtures
  • Faux-Wood Floors
  • Black Appliance Package
  • Updated Cabinetry
  • Designer Plumbing Fixtures

Community Amenities

  • Clubhouse
  • Two Refreshing Swimming Pools
  • Fitness Center
  • Picnic Area with Barbecue Grills
  • Sand Volleyball Court
  • Outdoor Living Spaces
  • Basketball Court
  • Tennis Court
  • Clothes-Care Facilities
  • Pet Park

property photos

THE location

Economic Snapshot

Demographics

With nearly 2.5 million residents, Greater San Antonio is the third-most-populated metropolitan area in Texas. A trifecta of economic factors underpinned San Antonio's status on Forbes’ report of America's “next boomtowns” ... 1. low business costs, 2. fast-growing increases in populations of young, educated millennials and households with children, and 3. an advanced telecom infrastructure, particularly in the north and west sides of town. A few notable firms in each job sector call San Antonio home, including Hulu which is adding at least 500 jobs for a viewer experience headquarters, Ernst and Young adding up to 600 new positions at a client service center near UTSA, and Xerox recently brought 400 call center jobs.

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Investment Advisors

financing

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.

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