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The Arc at Kendalia 430 Kendalia Ave 12 Unit Apartment Building $1,369,620 CAD ($114,135 CAD/Unit) San Antonio, TX 78214
Investment Highlights
- 10 Units Have Been Upgraded and Are Achieving $175 Premiums on Average
- Owners Have Injected $165,000+ in Exterior Upgrades and the Parking Lot
- Short 15-Minute Commute to Downtown San Antonio
- Individually Metered, Individual HVACs & Hot Water
- Walking Distance to H-E-B
- 4% Y-O-Y Rent Growth (Yardi)
Executive Summary
Summary:
The Multifamily Group is pleased to present the Arc at Kendalia, a 12-unit community in San Antonio, Texas. Built in 1985, the property offers six one-bedroom one-bathroom units and six two-bedroom one-bathroom units, each equipped with vinyl plank flooring, kitchen appliances, ceiling fans, painted cabinets with modern cabinet pulls, and two-tone paint. The Arc at Kendalia is being offered free and clear of existing debt.
Value-Add:
- Renovate the remaining two units to capture an estimated $175/month/unit average rental premium
- Charge a premium for the first-floor units, which include private patios and enclosed yards
- Install carports
- Offer a cable and internet package
Prime Location:
Located in the Harlandale neighborhood, the Arc at Kendalia Ave offers residents a convenient and walkable environment, with H-E-B nearby and several shopping centers like Military Plaza and Pleasanton Point within a 5-minutes. Downtown San Antonio, known for its vibrant River Walk and historic sites, is just a short drive away, providing easy access to cultural and entertainment venues. Additionally, the neighborhood is close to recreational spots like Espada Park, offering outdoor activities for residents.
The Multifamily Group is pleased to present the Arc at Kendalia, a 12-unit community in San Antonio, Texas. Built in 1985, the property offers six one-bedroom one-bathroom units and six two-bedroom one-bathroom units, each equipped with vinyl plank flooring, kitchen appliances, ceiling fans, painted cabinets with modern cabinet pulls, and two-tone paint. The Arc at Kendalia is being offered free and clear of existing debt.
Value-Add:
- Renovate the remaining two units to capture an estimated $175/month/unit average rental premium
- Charge a premium for the first-floor units, which include private patios and enclosed yards
- Install carports
- Offer a cable and internet package
Prime Location:
Located in the Harlandale neighborhood, the Arc at Kendalia Ave offers residents a convenient and walkable environment, with H-E-B nearby and several shopping centers like Military Plaza and Pleasanton Point within a 5-minutes. Downtown San Antonio, known for its vibrant River Walk and historic sites, is just a short drive away, providing easy access to cultural and entertainment venues. Additionally, the neighborhood is close to recreational spots like Espada Park, offering outdoor activities for residents.
Property Facts
| Price | $1,369,620 CAD | Building Class | C |
| Price Per Unit | $114,135 CAD | Lot Size | 0.49 AC |
| Sale Type | Investment | Building Size | 8,610 SF |
| No. Units | 12 | Average Occupancy | 92% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1985 |
| Apartment Style | Low-Rise | Parking Ratio | 1.33/1,000 SF |
| Zoning | MF - Multifamily | ||
| Price | $1,369,620 CAD |
| Price Per Unit | $114,135 CAD |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 8,610 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 1.33/1,000 SF |
| Zoning | MF - Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Ceiling Fans
- Refrigerator
- Oven
- Yard
- Patio
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Picnic Area
- Cabana
- Grill
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 685 |
| 2+1 | 6 | - | 750 |
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Walk Score®
Very Walkable (85)
Property Taxes
| Parcel Number | 07838-003-0091 | Improvements Assessment | $935,232 CAD |
| Land Assessment | $244,274 CAD | Total Assessment | $1,179,505 CAD |
Property Taxes
Parcel Number
07838-003-0091
Land Assessment
$244,274 CAD
Improvements Assessment
$935,232 CAD
Total Assessment
$1,179,505 CAD
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The Arc at Kendalia | 430 Kendalia Ave
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