The Edge Studio Apartments
Summary
- Sales Price Determined By Market
- Current Occupancy 90%
- Existing Financing Assumable
Oldham Goodwin is pleased to present the Edge Studio Apartments in San Antonio, Texas. The property consists of 128 units, made up of 96 Studios, 11 one bedroom and 21 two bedroom units. It serves its residents with on-site parking, a swimming pool and spa, an on-site laundry facility and a dog park. Originally built in 1984 and renovated in 2015, the property has been owned for several years by the current investor group. The Edge offers significant upside through a value-add program consisting of repairs to several of the wooden staircases, resurfacing of the pool, improved landscaping, addition of a fitness facility and renovated signage. The property is unrestricted, and offers a market-rate affordable housing solution in an irreplaceable location.
Property Highlights
- — Attractive assumable financing available
- — Opportunity for value-add through curing of deferred maintenance and the implementation of operating efficiencies
- — Strong area demographics, with average household income in excess of $72,000 within a 3 mile radius
- — Within 5 minutes of South Texas Medical Center and many other major employers
- — Convenient to amenities, retailers, restaurants, major transportation arteries
- — Superb visibility and access from IH-10 and Wurzbach Drive
- — Property is unrestricted, no rent controls
- — Unit Interiors Highlights
- — Luxury vinyl plank flooring throughout
- — Granite Counter-tops
- — Stainless Steel Appliances
- — Full complement of kitchen appliances, including refrigerator, stove, dishwasher, disposal, and built-in microwave oven
- — Fireplace (select units)
- — Two story loft style (select units)
- — Entry Patio/Balcony
