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32730255
32730262

11803 Alamo Blanco Street, San Antonio, TX 78233

JE
TX TX 609411
Greysteel
AC
TX TX 778928
Greysteel
Listed by Greysteel
Unpriced
18 days on market
Updated 15 days ago

Wild Flower Townhomes

Details
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 18,720
Units 24
Year Built 1983
Buildings 6
Acreage 1.270
Investment Type Value Add

Wild Flower Townhomes | 24 Units, Attached Garages | NE San Antonio

Marketing description

Investment highlights

BOUTIQUE TOWNHOME COMMUNITY, DESIRABLE UNIT MIX

Wild Flower Townhomes is a 24-unit, 1983-vintage townhome community located in Northeast San Antonio. The property features a unique unit mix comprised of large, two-story townhome units, all two- and three-bedroom floor plans, appealing to tenants seeking additional bedroom count and flexible living arrangements. Each unit is equipped with a large laundry room with full-sized washer/dryer connections, front and back entry, small private backyards (some units) and an open kitchen/living room layout. All two-bedroom units are equipped with attached garages, a highly sought-after amenity that enhances tenant convenience and supports rental premiums.

STABLE TENANT BASE, THREE-BEDROOM CONVERSION OPPORTUNITY

Due to lack of available rental inventory of larger floor plans, Wild Flower Townhomes attracts a high-retention tenant base with above-average length of tenancy. With current occupancy below stabilized levels, a new owner can achieve above-market yield through continued lease-up. Originally built as 24 two-bedroom units with attached garages, current ownership converted garages into additional bedrooms in nine units, creating a three-bedroom floor plan that commands a significant rental premium over the base unit mix.

PROXIMITY TO MAJOR EMPLOYMENT & TRANSPORTATION HUBS

Wild Flower Townhomes benefits from a strategic Northeast San Antonio location with convenient access to Loop 1604 and IH-35, two of the area's primary transportation corridors. The property sits directly off the Perrin Beitel/Nacogdoches Road and Thousand Oaks Drive retail corridor, placing residents within walking distance of an HEB and Walmart – a day-to-day convenience that supports tenant demand and retention. The property is also in close proximity to the Amazon fulfillment center and Baptist Medical Center, two major employment anchors in the submarket, and a short drive from San Antonio International Airport, a key economic driver supporting regional job growth.

Listing Contacts

JE
TX TX 609411
Greysteel
AC
TX TX 778928
Greysteel
Listed by Greysteel

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Additional Information

Name
Doug Banerjee
License
617101
Title
Broker of Record
Name
J.R. Ellis
License
TX 609411
Brokerage Phone
5123996945
Brokerage Address
800 Brazos Street
Name
Aaron Cervantes
License
TX 778928
Brokerage
Greysteel
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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