Kendalia Apartments is a 12 unit apartment complex located in a nicely established neighborhood in the south side of San Antonio, near the intersection of Pleasanton and SW Military. These apartments sit on nearly 1/2 an acre of land and has about 7,000 square feet of rent space. It is comprised of wood exterior siding and partial brick exterior on a slab foundation. According to the Bexar Appraisal District the property was built in 1985.
There have been some recent renovations done to the property. Those include: exterior paint, repaired/replaced rotten wood trim, siding, parking lot upgrade, and an extensive tree trim. The property is a near maintenance free property, the owner pays for the water, sewer usage, and trash disposal, all other utilities are paid by the tenants. There is great opportunity to increase the NOI by adding a small laundry facility on site, there is plenty of room in the back for that. Motivated Seller, will look and consider all resonable offers.
The property is situated with quick access to interstates 35 and SW Military, and only minutes away from South Park Mall. There is shopping centers real close to the property such as, HEB, Wal-Mart, etc. There is also access to the VIA transit system. Kendalia offers 2 different floor plans, a 1 and 2 bedroom apartment. All the 1st floor apartments share a common backyard with the apartment next door. Although the owner has had a maintenance man upkeep the property we encourage anyone interested to perform an inspection at the buyers discretion.
Property Description
Listing Agent: Gilberto Vergara
Direct Line: 210.386.3706
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