430 Kendalia Ave San Antonio, TX 78214
- Commercial real estate
- 685 SF
- 0.49 lot acres
Current Use by Public Records
- TheArcAtKendalia / Apartment Complex
Property Details for 430 Kendalia Ave
- Year built
- 1985
- Lot size
- 0.49 lot acres
- Property size
- 685 SF
- Property type
- Commercial real estate
Description
This exceptional 12-unit apartment building, located at 430 Kendalia Ave, San Antonio, TX 78214, presents a compelling value-add investment opportunity. Situated on a 0.487-acre lot in Bexar County, this two-story building boasts a total of 8,610 net rentable square feet, with individual unit sizes ranging from 685 to 750 square feet. Constructed in 1985, the property currently enjoys 100% occupancy, with the lease expiration date set for September 4, 2024. The property benefits from a C-2NA MF-33 zoning designation. Recent improvements totaling $130,000 have significantly enhanced the property's appeal. These upgrades include exterior enhancements such as new railings and fencing, a complete exterior repaint, and the addition of patios to all ground-floor units. Interior renovations feature updated kitchen backsplashes, resurfaced tubs, and repainted cabinets. The property's location in South San Antonio offers a distinct advantage, as this area has experienced significantly less new multifamily development compared to other parts of the city, creating a strong and sustained demand for existing rental units. This translates to a promising outlook for continued operational success and strong rental income. This is a rare opportunity to acquire a well-maintained, high-occupancy apartment building in a desirable location with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Antonio
- County
- Bexar
- State
- Texas
- Longitude
- -98.503302037386
- Latitude
- 29.360509237242
