The Helix

Summary:

The Multifamily Group is pleased to present The Helix, an exclusive value-add opportunity in San Antonio, Texas.​ Built in 1981 and 1984, this 400-unit community features a mix of 324 garden-style apartments (1981) and 76 townhomes (Built in 1984).​ Offering a diverse selection of nine floorplans, The Helix includes one- and two-bedroom layouts, with unit sizes ranging up to 1,000 square feet and an average unit size of 767 square feet.​ Currently 91% occupied, the property is being offered free and clear of existing debt.​ Ownership has invested over $2.3 million in improvements.​ Additionally, there are ~6-acres of contiguous, vacant land that can also be purchased.​

Capital Expenditures:

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  $1.5MM Interior Renovations

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  $137,000 HVAC Replacements

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  $87,000 Exterior Paint

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  $61,000 Office Interior Renovations

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  $61,000 Landscaping

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  $45,000 Signage

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  See more on pages 9-10 of the OM

Value-Add:

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  Premium Interior Renovations (222 Classic Units - $175 Average Proven Premiums)

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  Community Wifi

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  In-Unit Washers and Dryers (267 with Connections)

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  Implement Valet Trash

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  Reserved and Covered Parking

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  Electronic Package Delivery Lockers

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  See in-depth analysis on pages 11-12 of the OM

Property Location:

The Helix is situated in a thriving area of San Antonio, encompassing over 350,000 residents within a 5-mile radius, with a median income exceeding $59,000 per year.​ This prime location offers excellent access to major employers, including USAA’s headquarters—a Fortune 500 company—and the University of Texas Health Science Center.​ Positioned just half a mile from Interstate 10, the property provides residents with convenient access to numerous destinations within a 10-minute drive, such as H-E-B, Sam’s Club, Costco, Sprouts, Chick-fil-A, Starbucks, and various other nationally recognized restaurants and retailers.​ Downtown San Antonio is a mere 15-minute drive southeast along I-10, ensuring an easy commute.​

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  222 Remaining Classic Units – Renovated Units Have Demonstrated an Average Rent Increase of $175/Unit/Month

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  $11.5+ Million in Value-Add Creation 

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  Option to Purchase an Additional ~6-Acres of Contiguous, Vacant Land

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  37,000+ Vehicles Passing per Day (Yardi)

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  $2.3+ Million Invested in Capital Expenditures 

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  11% Cash-On-Cash Averaged Over 5 Years

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  Across the Street from the USAA Corporate Office

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  “A” Rated School District by Niche

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  Diverse Unit Mix with Floorplans Up to 1,000 SF and Townhomes Available 

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  Steady Economic Growth in North San Antonio - Landmark Centre Development, La Cantera, and Airport is Expanding

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  2.5+ Million Residents in the San Antonio MSA

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  Steady Economic Growth in North San Antonio - Landmark Centre Development, La Cantera, and Airport is Expanding