Vestal Apartments
21 Units | 2 Buildings
Marketing description
For registration requirements and regulations, please review here or contact Audrey Hanna | 518-625-8581| [email protected].
Vestal Place at 238 W Vestal Pl, San Antonio, TX 78221 offers investors the opportunity to acquire a 21-unit garden-style apartment community in the heart of South San Antonio. Built in 1985 and situated on approximately 0.6425 acres, the property consists of two buildings totaling about 15,400 rentable square feet with a highly desirable unit mix of 1 one-bedroom/one-bath unit and 20 two-bedroom/two-bath units. Currently 85%+ occupied, Vestal Place presents stable in-place cash flow with meaningful upside through a targeted value-add strategy. Ownership has identified multiple revenue-enhancing opportunities, including interior upgrades to support rent premiums, water conservation improvements to reduce expenses, and the addition of washer/dryer connections to further increase unit appeal. The property benefits from an infill location with walkable access to shopping centers and convenient proximity to major employers, Texas Center for Infectious Disease, and San Antonio State Hospital. Residents also enjoy access to five parks and key neighborhood amenities within a 10-minute drive, supporting strong tenant demand and long-term rent growth. With 90% tax improvement allocation and individually metered electric, Vestal Place combines operational efficiency, strong occupancy, and value-add potential in one compelling multifamily investment!
- Non-Contingent
- Earnest Money Deposit is Greater of $20,000 or 10% of the Purchase Price
- Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum
- $10,000 Participation Deposit
1400 Clamp Ave, San Antonio, TX 78221
Investment highlights
Excellent Accessibility to Employment
Interior Upgrade Program & Other Income Opportunities
Strong In-Place Yield
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