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13765918
13765917

610 Old Boerne Rd, Bulverde, TX 78163

DW
TX TX 775947, TX TX #775947
eXp Commercial San Antonio
TH
TX 615018
Vantage Realty Group
Listed by eXp Commercial San Antonio, Vantage Realty Group
$1,750,000
851 days on market
Updated 37 days ago

Victorian Oaks Apartments

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,718
Units 9
Cap Rate 6.72%
NOI $117,547
Broker Co-Op Yes
Class C
Year Built 1994
Buildings 3
Stories 2
Acreage 2.709
Zoning OCL
Investment Type Stabilized
Ground Lease No

Multifamily | 6.72% CAP | 9 Units

Marketing description

The Victorian Oaks Apartments are located half a mile from Hwy 46 on Old Boerne Road, and next door to local private school. This quite street has easy access to the main shopping district on Hwy 46, and less than a mile to the HEB Grocery store, Wal-Mart, and numerous local shopping options at Singing Hills. There are 5 long term apartment units and 3 apartment units that are set up as Short Term Rental. All units are fully furnished and stocked, ready for the next guest or the long term tenant. Bulverde is a fast growing community and this unique multifamily property is located in the heart of the City. San Antonio, New Braunfels, Boerne, and Blanco are all less than 30 minutes away making this a great central location in the heart of the Hill Country. This multi-family investment opportunity is a rare find in Bulverde and has remained 100% leased over the past 3 years. 

Located half a mile north of Hwy 46 on Old Boerne Road, Victorian Oaks is less than one mile from the Hwy 46 retail corridor — HEB, Walmart, and Singing Hills Shopping. San Antonio, New Braunfels, Boerne, and Blanco are all within 30 minutes, making this a central Hill Country location with broad tenant appeal.

Adjacent to Bracken Christian School. Easy access to major San Antonio employment centers including the South Texas Medical Center corridor and JBSA.

Investment highlights

  • 9 fully furnished units — turnkey for LTR or STR, no FF&E investment required
  • All utilities included in every lease — electricity, LP gas, water/sewer, fiber optic internet, softened water, garbage
  • 6.72% cap rate | $117,547 NOI | $1,750,000 asking price
  • 3-year track record of high occupancy in supply-constrained submarket
  • $16,200 annual rent upside on 4 below-market units — no capital required
  • Main House with private pool, 3BR/3BA — premium anchor unit
  • Value-add land capacity for up to 3 additional units
  • 1031 exchange ready
  • Less than 1 mile to HEB, Walmart, and Hwy 46 retail
  • 30 minutes to San Antonio, New Braunfels, Boerne, and Blanco

Listing Contacts

DW
TX TX 775947, TX TX #775947
eXp Commercial San Antonio
TH
TX 615018
Vantage Realty Group
Listed by eXp Commercial San Antonio, Vantage Realty Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$117,547.00
$9,795.58/mo

Valuation Metrics

0
DSCR
6.72%
Cap Rate
6.72%
ROI

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Additional Information

Name
Drew Whelchel
License
TX 775947
Name
Tom Hackleman
License
615018
Brokerage Phone
2105496728
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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