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Villas on Springvale 7678 W US Highway 90 178 Unit Apartment Building For Sale San Antonio, TX 78227
INVESTMENT HIGHLIGHTS
- Owned for 20 Years
- All 4 Boilers Replaced in the Last Year
- $61,000+ AMI in a 5-Mile Radius (Yardi)
- $1.5MM Invested in Capital Expenditures
- Prime Frontage on U.S. HWY-90 (13,000 Vehicles Per Day) and Seamless Access to I-410
- A-Rated School District by Niche
EXECUTIVE SUMMARY
Summary:
The Multifamily Group is pleased to present the exclusive offering of The Villas on Springvale, a unique, all-bills-paid opportunity in San Antonio, Texas. Constructed in 1974, the property consists of 178 units and offers one and two-bedroom floorplans. The property is currently 90% occupied, with 12 units receiving housing assistance. The Villas on Springvale are being offered free and clear of existing debt.
Regional Growth & Development:
Port San Antonio Expansion
The nearby Port San Antonio (redeveloped from Kelly AFB) is on track to double its workforce in the next 7-10 years, anchored by a new 12-story “Innovation Tower,” featuring retail, dining, a childcare center, and even a vertiport, all projected to be completed by 2028-29.
Retail & Service Expansion on the SW Side
Across southwest and far-west corridors (e.g., Potranco Rd), projects like the $3.4M Delphi shopping center are emerging to serve neighborhoods with offices, medical services, and eateries.
Citywide Projects Impacting Downtown
San Antonio is undergoing significant urban transformation via “Project Marvel” (NBA arena, convention center additions), and a new baseball stadium downtown, all part of a broader $1B+ investment.
The Multifamily Group is pleased to present the exclusive offering of The Villas on Springvale, a unique, all-bills-paid opportunity in San Antonio, Texas. Constructed in 1974, the property consists of 178 units and offers one and two-bedroom floorplans. The property is currently 90% occupied, with 12 units receiving housing assistance. The Villas on Springvale are being offered free and clear of existing debt.
Regional Growth & Development:
Port San Antonio Expansion
The nearby Port San Antonio (redeveloped from Kelly AFB) is on track to double its workforce in the next 7-10 years, anchored by a new 12-story “Innovation Tower,” featuring retail, dining, a childcare center, and even a vertiport, all projected to be completed by 2028-29.
Retail & Service Expansion on the SW Side
Across southwest and far-west corridors (e.g., Potranco Rd), projects like the $3.4M Delphi shopping center are emerging to serve neighborhoods with offices, medical services, and eateries.
Citywide Projects Impacting Downtown
San Antonio is undergoing significant urban transformation via “Project Marvel” (NBA arena, convention center additions), and a new baseball stadium downtown, all part of a broader $1B+ investment.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 4.77 AC |
| No. Units | 178 | Building Size | 108,084 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1974 |
| Building Class | C |
| Sale Type | Investment |
| No. Units | 178 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.77 AC |
| Building Size | 108,084 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1974 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
- Carpet
- Breakfast Nook
- Built-In Bookshelves
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Picnic Area
- Gated
- Grill
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 167 | - | 500 |
| 2+1 | 6 | - | 732 |
| 2+2 | 5 | - | 832 |
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PROPERTY TAXES
| Parcel Number | 15601-000-0381 | Improvements Assessment | $9,662,833 CAD |
| Land Assessment | $739,028 CAD | Total Assessment | $10,401,862 CAD |
PROPERTY TAXES
Parcel Number
15601-000-0381
Land Assessment
$739,028 CAD
Improvements Assessment
$9,662,833 CAD
Total Assessment
$10,401,862 CAD
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Villas on Springvale | 7678 W US Highway 90
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