$6,250,000

Cristabel Court Residences is a well maintained Thirty-One Unit Apartment Complex that is located near the IH-10 West/ Loop 1604 Corridor. This complex boasts 5 Apartment Buildings on approximately 1.85 ACRES with Ample Parking and a Community Picnic area onsite. Four of the buildings were completed in July of 2020 (eight 3 BR/2 BA and seventeen 2 BR/2 BA's.) and One was built in 1995 ( Four 2 BR/2 BA, One 1 BR/1 BA & One 2 BR/ 1 BA) and fully renovated in 2021. Each Unit has upgraded Amenities that includes: 9 FT Ceilings, Granite Countertops & Backsplashes, Ceiling Fans, Stainless Steel Appliances, Washer & Dryers, 95% to 100% Leased the last three years. Value-add opportunities through Rent Growth, Pro Rata Share of Water Utility, Wash/Dryer Income & Covered Parking. . There are two fully-furnished short term rentals that are leased both on Airbnb/VRBO---- two additional short term rentals have been approved by the City of San Antonio. The Water utility is also currently included with the rent.....potential to chargeback water and common area electricity(approx. 25-30k/yr) to the tenants at renewal phase. Located within 5 minutes from The South Texas Medical Center, La Cantera Mall, The Rim Shopping Center, Fiesta Texas, UTSA, USAA, Valero, The Texas Hill Country and many other major San Antonio destinations.

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