Rio @ 1604 14900 Nacogdoches Rd 132 Unit Apartment Building For Sale San Antonio, TX 78247

Investor interest has been strong, and the LOI window is now open and closing soon. Qualified buyers are encouraged to review the Offering Memorandum, T12, and current rent roll available in the Data Room and begin preparing their submissions.

Rio @ 1604 comprises 35 two-story buildings that contain 132 units with strong occupancy at 97% and market rents. It sits on 12.92 acres with 300 parking spaces and amenities like a picnic area, fitness center, pet play area, playground, and a sparkling pool. The property was built in 1984, and comprehensive renovations were completed in 2022 with several remaining upgrade options to bolster the success of Rio @ 1604.

Work completed by the current owner includes 80 units with granite countertops, new flooring, updated appliances, new paint, and upgraded plumbing and lighting fixtures for monthly premiums of over $100 per unit. (Can be Higher) Washers and dryers were installed in 80 units for monthly premiums of $45 per unit, 100% of the windows were replaced in all 132 units, the clubhouse and signage were updated across the property, the exteriors were repainted, and the parking lot was resurfaced.

The seller has outlined several potential upgrades for value-add opportunities. These include renovating and adding washers and dryers to the remaining classic units, opening up the possibility for $145 premium per month. Outside of the units, buyers can add 12 private yards for a $75 premium and 25 reserved parking stalls for a $15 premium.

Located at 14900 Nacogdoches Road, Rio @ 1604 is positioned near amenities and arterial roadways that will maintain its desirability in the long term. The expansive Comanche Outlook Park and multiple schools are just minutes away, making this an ideal living option for families. There are plenty of neighborhood amenities to knock out errands nearby. Residents can reach H-E-B, Planet Fitness, Walgreens, Ross Stores, Petco, and dozens of restaurants in five minutes or less.

In recent years, Northeast San Antonio has undergone a significant transformation, embracing a more economically diverse workforce spanning various industries. Despite this newfound diversification, local performance has closely mirrored trends across the metro area. Notably, between early March 2021 and 2025, rent growth surpassed metro-wide averages, echoing patterns observed throughout San Antonio. Residents have been drawn to these job opportunities, and Rio @ 1604 is ideally positioned to cater to these employees.