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NOI Net Operating Income N/A
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Asking Price Contact for pricing
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NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 2002
Occupancy 91.0 %

Property Description

The Property sits on a well-maintained 13-acre site with unmatched frontage access to Loop 1604 as well as multiple entertainment/employment hubs, golf courses and parks. Built in 2002, Montecito has seen virtually no full interior renovations with only 3% of the units fully renovated to a high-end finish by current ownership. These upgraded units feature luxury finishes including granite countertops, designer backsplash, stainless steel appliances, LED lighting, new cabinets, new fixtures, and new paint. These luxurious finishes achieve rent premiums averaging $210 above non-renovated units, proving the high demand for such upgrades at the Property.

Investment Highlights

JLL has been exclusively retained to offer qualified investors the unique opportunity to purchase fee-simple interest in Montecito Apartments (The “Property”), a 260-unit apartment community located in Northwest San Antonio just minutes from the RIM and The Shops at La Cantera.
Sean Sorrell
Sean Sorrell
Senior Managing Director, Austin & San Antonio Co-Office Head
License details
TX-0353651
Matt Pohl
Managing Director

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