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Hutchins Palms 535 W Hutchins Pl 45 Unit Apartment Building For Sale San Antonio, TX 78221
EXECUTIVE SUMMARY
Attractive Loan Assumption Opportunities: Assume below-market, in-place loans across all four assets to reduce debt service, enhance cash flow, and gain durable interest rate protection and exit flexibility.
Distressed Acquisition at Low Basis: Fundamental distress and seller motivation enable acquisition at a discount to replacement cost and stabilized value.
Portfolio Scale: Acquiring all four properties together delivers immediate scale, enabling centralized management, shared vendors, stronger pricing power, and more efficient execution of value-add strategies to drive NOI growth.
Operational Upside: Current underperformance from occupancy and collection inefficiencies creates immediate upside, driving controllable NOI growth in addition to future market rent increases.
Value-Add Opportunity: Targeted interior renovations and strategic common area upgrades can be phased to boost tenant experience, occupancy, and rents.
Distressed Acquisition at Low Basis: Fundamental distress and seller motivation enable acquisition at a discount to replacement cost and stabilized value.
Portfolio Scale: Acquiring all four properties together delivers immediate scale, enabling centralized management, shared vendors, stronger pricing power, and more efficient execution of value-add strategies to drive NOI growth.
Operational Upside: Current underperformance from occupancy and collection inefficiencies creates immediate upside, driving controllable NOI growth in addition to future market rent increases.
Value-Add Opportunity: Targeted interior renovations and strategic common area upgrades can be phased to boost tenant experience, occupancy, and rents.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 1.59 AC |
| No. Units | 45 | Building Size | 30,900 SF |
| Property Type | Multifamily | Average Occupancy | 78% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1985 |
| Building Class | C | Parking Ratio | 2.43/1,000 SF |
| Zoning | MF-33 - Multifamily District | ||
| Sale Type | Investment |
| No. Units | 45 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.59 AC |
| Building Size | 30,900 SF |
| Average Occupancy | 78% |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 2.43/1,000 SF |
| Zoning | MF-33 - Multifamily District |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Heating
- Ceiling Fans
- Hardwood Floors
- Ice Maker
- Refrigerator
- Walk-In Closets
SITE AMENITIES
- Laundry Facilities
- Playground
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 17 | - | 500 |
| 2+1 | 28 | - | 800 |
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PROPERTY TAXES
| Parcel Number | 09427-333-0140 | Improvements Assessment | $4,561,083 CAD |
| Land Assessment | $360,779 CAD | Total Assessment | $4,921,862 CAD |
PROPERTY TAXES
Parcel Number
09427-333-0140
Land Assessment
$360,779 CAD
Improvements Assessment
$4,561,083 CAD
Total Assessment
$4,921,862 CAD
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Hutchins Palms | 535 W Hutchins Pl
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