Sycamore Creek Webinar
Built in 1984, the offering consists of 200 units. The asset is a class B, garden-style community offering an ideal unit mix with floor plans. Studio, 1bd, 2bd units.
Located in the highly desirable NE San Antonio suburb of Schertz Texas providing easy access to I-35 employment centers and a 15-minute commute to San Antonio Intl Airport, 45 minutes to Austin TX and 28 minutes to downtown San Antonio. The property offers a variety of spacious residences consisting of studio, one and two-bedroom floor plans that average 730 square feet. Sycamore Creek is extremely well positioned, located directly across the street from Samuel Clemens High School, next door to the Schertz YMCA and just one block from the highly trafficked Schertz Parkway that sees over 12,000 vehicles per day. Under the current ownership hold period of over 18 years, the property has seen moderate exterior renovations that include improvements to the roofs, siding and parking lot, as well as a fresh coat of paint and the addition of solar screens. The property presents an extremely rare opportunity to implement a first generation interior value-add package on all units which would allow for rental premiums in excess of $200/unit.
More Details: https://elevate.invportal.com/app/offering-detail/6261941a13f96c001a2b2f47