1779 Nacogdoches Rd San Antonio, TX 78209-2763

The Quarter Apartments, a 46-unit multifamily property located at 1779 Nacogdoches Rd, San Antonio, TX 78209, presents a compelling value-add investment opportunity. Situated on a 1.312-acre lot in the affluent Alamo Heights submarket of Bexar County, this property comprises four, three-story buildings totaling 38,956 net rentable square feet. Built in 1970 and zoned MF-40, the complex offers a diverse range of unit sizes, including studios, one, two, and three-bedroom apartments, and townhome-style units ranging from 411 to 1,411 square feet. The property benefits from a significant $1.67 million investment in capital improvements, including exterior enhancements and a resident's lounge. Fifteen units have already been renovated, demonstrating the market demand and achieving rental premiums of $200 above comparable units. A new owner can capitalize on this success by completing the renovation of the remaining units. Alamo Heights boasts a median household income of $149,332 and a highly educated population (74.2% with higher education degrees), creating a strong tenant base. This prime location, coupled with the existing improvements and the potential for increased profitability, makes The Quarter Apartments an attractive investment prospect.