ICON | 1300 Patricia
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ICON 1300 Patricia Immeuble residentiel 240 lots À vendre San Antonio, TX 78213
Certaines informations ont été traduites automatiquement.
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- Assumable Fannie Mae Loan with a 5.01% Interest Rate or Free and Clear
- $2.8MM+ In Improvement Upside Through In-Unit Washers & Dryers, Water Conservation, and Carports
- Roof was Fully Replaced ~4 Years Ago
- $65,000+ Median Area Income in a 3-Mile Radius (Yardi)
- $5.1MM Invested in Capital Expenditures During Ownership
- High Visibility with over 10,000 Vehicles Passing per Day (Yardi)
RÉSUMÉ ANALYTIQUE
Summary:
The Multifamily Group is pleased to present the exclusive offering of ICON, a unique, value-add opportunity in San Antonio, Texas. Constructed in 1980, the property consists of 240 units and offers one and two-bedroom floorplans. The property is currently 75% occupied, with strong occupancy rates in the submarket at around 90%. ICON has an assumable Fannie Mae loan with ~$11,180,000 remaining, and a 5.01% interest rate. It can also be purchased with fresh debt.
Capital Expenditures:
- The current ownership has spent over $5.1MM in renovations including:
- $376,000 invested in new roofing across the property
- $2.1 million in interior upgrades, including renovating to 200 of the units
- $1.5 million spent on exterior enhancements, including a full repaint in 2022
- One boiler was replaced within the last 3 months; the second is approximately 4 years old
- Ask a TMG broker for a full breakdown
Value-Add:
- Rent out washers and dryers, connections in every unit
- Launching a Water Conservation Program to lower the water costs by an estimated $112,000/year (See quote on pages 13-14)
- Build Carports and rent them out to tenants
- Develop the vacant land to either rebuild 16 units that burned in 2023 or create new amenities such as pickleball courts, or a community area with park benches, a fire pit, and/or a pergola
- View in-depth analysis on pages 11-12 of the OM
Location:
ICON is situated in San Antonio’s desirable North Central neighborhood, where the median household income exceeds $65,000 (Yardi). The property offers convenient access to major retailers and dining, including H-E-B, Walmart Supercenter, Chick-fil-A, and Starbucks, all just a short drive away. More than 100,000 residents live within a 3-mile radius, and the property is located within the highly acclaimed North East ISD. Additionally, it is only 2.5-miles from the San Antonio International Airport.
The Multifamily Group is pleased to present the exclusive offering of ICON, a unique, value-add opportunity in San Antonio, Texas. Constructed in 1980, the property consists of 240 units and offers one and two-bedroom floorplans. The property is currently 75% occupied, with strong occupancy rates in the submarket at around 90%. ICON has an assumable Fannie Mae loan with ~$11,180,000 remaining, and a 5.01% interest rate. It can also be purchased with fresh debt.
Capital Expenditures:
- The current ownership has spent over $5.1MM in renovations including:
- $376,000 invested in new roofing across the property
- $2.1 million in interior upgrades, including renovating to 200 of the units
- $1.5 million spent on exterior enhancements, including a full repaint in 2022
- One boiler was replaced within the last 3 months; the second is approximately 4 years old
- Ask a TMG broker for a full breakdown
Value-Add:
- Rent out washers and dryers, connections in every unit
- Launching a Water Conservation Program to lower the water costs by an estimated $112,000/year (See quote on pages 13-14)
- Build Carports and rent them out to tenants
- Develop the vacant land to either rebuild 16 units that burned in 2023 or create new amenities such as pickleball courts, or a community area with park benches, a fire pit, and/or a pergola
- View in-depth analysis on pages 11-12 of the OM
Location:
ICON is situated in San Antonio’s desirable North Central neighborhood, where the median household income exceeds $65,000 (Yardi). The property offers convenient access to major retailers and dining, including H-E-B, Walmart Supercenter, Chick-fil-A, and Starbucks, all just a short drive away. More than 100,000 residents live within a 3-mile radius, and the property is located within the highly acclaimed North East ISD. Additionally, it is only 2.5-miles from the San Antonio International Airport.
INFORMATIONS SUR L’IMMEUBLE
| Type de vente | Investissement | Surface du lot | 3,59 ha |
| Nb de lots | 240 | Surface de l’immeuble | 14 932 m² |
| Type de bien | Immeuble residentiel | Occupation moyenne | 75% |
| Sous-type de bien | Appartement | Nb d’étages | 3 |
| Style d’appartement | Avec jardin | Année de construction/rénovation | 1980/2005 |
| Classe d’immeuble | B | Ratio de stationnement | 0,2/1 000 m² |
| Zonage | MF-33 | ||
| Type de vente | Investissement |
| Nb de lots | 240 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | Avec jardin |
| Classe d’immeuble | B |
| Surface du lot | 3,59 ha |
| Surface de l’immeuble | 14 932 m² |
| Occupation moyenne | 75% |
| Nb d’étages | 3 |
| Année de construction/rénovation | 1980/2005 |
| Ratio de stationnement | 0,2/1 000 m² |
| Zonage | MF-33 |
CARACTÉRISTIQUES
CARACTÉRISTIQUES DU LOT
- Climatisation
- Balcon
- Lave-vaisselle
- Broyeur d’ordures
- Cheminée
- Micro-ondes
- Raccord machine à laver/sèche-linge
- Chauffage
- Ventilateurs de plafond
- Cuisine
- Plans de travail en granit
- Réfrigérateur
- Four
- Électroménager en acier inoxydable
- Dressings
- Wi-Fi
- Miroirs avec cadre
- Patio
- Sol en vinyle
CARACTÉRISTIQUES DU SITE
- Accès contrôlé
- Club-house
- Cour
- Laverie
- Aire de pique-nique
- Aire de jeux
- Piscine
- Clôturé
- Aire de jeu pour animaux de compagnie
LOT INFORMATIONS SUR LA COMBINAISON
| DESCRIPTION | NB DE LOTS | MOY. LOYER/MOIS | m² |
|---|---|---|---|
| 1+1 | 168 | - | 44 - 67 |
| 2+1 | 32 | - | 74 |
| 2+2 | 40 | - | 89 |
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TAXES FONCIÈRES
| Numéro de parcelle | 16616-003-1050 | Évaluation des aménagements | 17 603 476 € |
| Évaluation du terrain | 1 337 512 € | Évaluation totale | 18 940 988 € |
TAXES FONCIÈRES
Numéro de parcelle
16616-003-1050
Évaluation du terrain
1 337 512 €
Évaluation des aménagements
17 603 476 €
Évaluation totale
18 940 988 €
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VIDÉOS
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ICON | 1300 Patricia
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