2003 Silver Oaks new Save Request In-Person Tour Request Virtual Tour
San Antonio,TX 78213
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 6,616 sqft
Price per Sqft $147
Subdivision Lockhill Estates Bl 11720 Un 1
MLS Listing ID 468075
HOA Y/N No
Year Built 1980
Annual Tax Amount $14,353
Lot Size 0.430 Acres
Acres 0.43
Property Sub-Type Apartment
Property Description
Stabilized 13-Unit Investment With Powerful Cash Flow in a High-Growth Texas Market. Silver Oaks is the flagship asset of this portfolio — a stabilized, income-producing 13-unit multifamily in one of the strongest rental markets in the country. With pro-forma rents of $10,975/mo, Silver Oaks exceeds the 1% rule even at a sub-$1M price point, an exceptionally rare find in today's environment. San Antonio continues to outperform major U.S. metros in job creation, affordability, and population growth. This submarket benefits from proximity to major employment hubs, healthcare campuses, the university district, and key transportation arteries, keeping occupancy high and turnover low. The property offers a compelling blend of strong in-place cash flow with additional upside through natural rent increases, unit upgrades, and professional management optimization. With 13 units, Silver Oaks qualifies for both smaller private investors and institutional buyers seeking stabilized yield in a growing Sunbelt city.
Highlights:
• Stabilized income: $10,975/mo (1.12% rule at list price)
• Strong historical occupancy and tenant base
• Rent increases supported by market fundamentals
• Exceptional cash-on-cash potential for long-term hold
• Located in one of San Antonio's highest-growth corridors
• Turnkey stabilized asset perfect for 1031 buyers.
Other multi-family properties available.
Location
State TX
County Bexar
Interior
Interior Features Other
Heating Central,Electric
Cooling Central Air
Flooring Vinyl
Fireplace No
Appliance Electric Oven,Electric Range
Laundry Other
Exterior
Parking Features Concrete,Gravel
Utilities Available Sewer Available,Water Available
Roof Type Shingle
Building
Lot Description Other
Story 1
Entry Level One
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
Elementary Schools Other
Middle Schools Other
High Schools Other
School District Northeast
Others
Tax ID 490355
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Virtual Tour https://www.propertypanorama.com/instaview/cor/468075