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33435687
33435685

703 LOGWOOD AVE, SAN ANTONIO, TX 78221

UU
9002555
Uriah Real Estate Oganization LLC
Listed by Uriah Real Estate Oganization LLC
$2,100,000
1 day on market
Updated 1 day ago

Century South Apartments

Details
APN 09392-117-0230
Property Type Multifamily
Sub Type Apartment Building
Square Footage 14,534
Units 30
Cap Rate 5.18%
NOI $108,837
Occupancy 83%
Pro-Forma Cap Rate 7.49%
Pro-Forma NOI $157,257
Price per SqFt $144
Class C
Year Built 1976
Stories 2
Acreage 0.470
Zoning MF-33
Parking Spaces spaces
Investment Type Value Add

24 Unit Apartment Complex | 14,534 sqft

Marketing description

703 Logwood Avenue presents the opportunity to acquire a value add 24-unit multifamily asset strategically located in San Antonio's established South Park submarket. Situated on approximately 0.466 acres, the property encompasses 14,534 square feet of rentable living area and features a well-balanced unit mix of fourteen (14) one-bedroom/one-bathroom units and ten (10) two-bedroom/one-bathroom units. The property offers investors immediate In-place cash flow while also presenting a compelling value-add opportunity. New ownership may increase revenues through strategic interior and exterior improvements, operational efficiencies, and continued rent optimization, creating the potential to further enhance returns while maintaining strong occupancy. Located in the heart of the South Park area, 703 Logwood benefits from exceptional accessibility to many of San Antonio's largest employment and economic drivers. The property is less than 15 minutes from Downtown San Antonio, Lackland Air Force Base, major universities, healthcare facilities, and numerous employment centers, providing a diverse and resilient tenant base. The property unit mix is well-positioned to serve workforce housing demand from military personnel, students, healthcare workers, and local professionals seeking affordable housing options in a centrally located submarket. In addition to its near-term value-add potential, the asset offers investors the opportunity to benefit from long-term appreciation driven by San Antonio's continued population growth, expanding employment base, and increasing demand for attainable rental housing. As investment activity and redevelopment continue throughout the city's south and central corridors, 703 Logwood is well-positioned to capitalize on both operational upside and future market appreciation. 703 Logwood Avenue represents a rare opportunity to acquire a stabilized, cash-flowing multifamily asset with value-add potential in a supply-constrained infill location. The combination of current income, upside through improved operations, and long-term appreciation prospects, makes this offer attractive to both yield-focused investors and 1031 exchange buyers seeking durable multifamily fundamentals in one of Texas' fastest-growing metropolitan areas.

Investment highlights

CASH FLOWING ASSET- CONSISTENTLY OCCUPIED 24-UNIT APARTMENT COMMUNITY.

EXCEPTIONAL ACCESSIBILTY TO MANY OF SAN ANTONIO’S LARGEST EMPLOYMENT AND ECONOMIC DRIVERS.

VALUE ADD OPPORTUNITIES THROUGH STRATEGIC RENOVATIONS.

OFFERS IMMEDIATE CASH FLOW AND LONG-TERM UPSIDE POTENTIAL.

Listing Contacts

UU
9002555
Uriah Real Estate Oganization LLC
Listed by Uriah Real Estate Oganization LLC

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$108,837.00
$9,069.75/mo

Valuation Metrics

0
DSCR
5.18%
Cap Rate
5.18%
ROI

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