Cushman & Wakefield|San Antonio Commercial Advisors is pleased to announce the exclusive marketing of Cotton Crossing Apartments, a 118 unit boutique apartment community, located in New Braunfels, Texas.
Built in 2003, this Class A property offers a mix of one, two and three bedroom units with a comfortable small town cottage ambiance that is a perfect fit for the market. The property was repainted in September 2014 and is in top condition. Units have nine foot ceilings, spacious kitchens, full sized washer/dryer connections and ample storage. Cotton Crossing offers a new owner an excellent income stream with numerous value-add opportunities. Interior upgrades could easily be implemented to dramatically increase the in place rental income.
Cushman & Wakefield|San Antonio Commercial Advisors is pleased to announce the exclusive marketing of Desert Shadows Apartments, a 204 unit apartment community located in San Antonio, Texas. Built in 1984, Desert Shadows offers a mix of one and two bedroom units with a great north central neighborhood location and excellent curb appeal. The property has quick access to US Highway 281and many major employers, retail centers and entertainment venues on the growing north side of San Antonio.
The property has mature landscaping and the community offers solid shared amenities. The current owner recently replaced roofs and painted the property an inviting three color scheme. The interiors are extremely functional and well maintained. The owner regularly operates the property at or near full occupancy. Desert Shadows offers a new investor a solid income stream with obvious value-add opportunities. Community enhancement options include an off leash dog park, additional grilling stations, and the modernization of an already fantastic pool deck. On the interiors, rent growth is achievable with either an aggressive unit renovation or moderate upgrades.