19,594 Square Foot Multi-Family Space For Sale @ 8607 Jones Maltsberger Rd

***NOI Represents a Pro-Forma Number*** Nest Apartments is a 148-unit, garden-style community in one of the best locations in San Antonio. With this asset being a boutique infill asset in a thriving North Central location, it offers spacious studio, one and two bedrooms with seven different floor plans. Located just inside Loop 410 on Jones Maltsberger Road, it has convenient access to any Northside location. The San Antonio International Airport is less than one mile away, as is North Star Mall. The neighborhood around the Nest is well established and has remained stable for several generations. Nest has two-story, all brick construction with mansard roofs. The property underwent a major, complete interior and exterior renovation totaling over $3,000,000, making it the premier asset in this emerging submarket. Exterior renovations include roofs, paint, solar screens, siding, fully remodeled fitness center, clothes-care facilities, and leasing center, site lighting, landscaping, signage, pool and common area amenities, parking lot / retaining wall repairs, new HVAC, and some entry door replacements. Interior renovations include new appliances, wall-to-wall faux-wood floors, faux-granite countertops, ceiling fans, walk-in closets, framed bathroom mirrors, updated lighting and plumbing fixtures and solar shades. The community offers two courtyard swimming pools, modern lounge areas, 24-hour fitness center, covered parking, picnic / barbecue areas, three clothes-care facilities, dog park, and clubhouse / business center with WiFi. A savvy investor will capitalize on the fundamentals of real estate with the acquisition of Nest as this location truly represents an ideal site in San Antonio. Future ownership will have the ability to capitalize on the strong, in-place cash flow that Nest presents, while still offering upside in rents, due to the impactful and modern rehab that has already been completed, and that makes living at Nest the ideal lifestyle for tenants.