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Collection at Overlook
Overview:
Offering spacious studio, one, and two bedroom apartments for rent in San Antonio, Texas, near UTSA and Six Flags Fiesta. Every apartment at Cornerstone at Overlook comes equipped with a handsome selection of in-home features and finishes. These units are outfitted with easy-to-clean vinyl plank flooring, washer and dryer connections, and a private patio or balcony overlooking the mature oak trees that surround our property. This property is closed to new investors.
Details
Address:
4934 Woodstone Dr.
San Antonio, TX 78230
Scope:
411 Units
Investment Results:
This investment property is a Class B- garden style multifamily community consisting of 411 units. The Joint Venture Equity investment, allowed for strong collaboration and risk sharing. The estimated IRR was an impressive 19.4%, indicating potential for substantial returns on investment. The purchase price per square foot was $110, which is considered a good value for this type of property. The cash on cash yield (leveraged) was 12%, indicating a strong cash flow and potential for steady returns over time. This investment opportunity is now closed.
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