Value Add In San Antonio
I would be hard pressed to find an investor, particularly multifamily investor, that doesn't know their market inside and out. Even harder to find an investor that hadn't seen a listing in their asset class:
I was talking to a broker about a 12 unit in San Antonio and I the resemblance was very similar to a 16 unit set up Dallas.
- Only 3 remaining tenants,
- Owner wanting to transfer the property vacant.
- Seller wanting at or above $1m to exit.
the Dallas property is in a historic district, the San Antonio one, Im not sure yet.
Is heavy apartment renovations a thing of the past, for now? Is redevelopment a more viable option these days?