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Michelle Daep

realtormichelledaep@gmail.com +1(210) 941-7809

$ 2,100,000

Est. payment | -/mo

14,534 SqFt

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$ 2,100,000

Est. payment | -/mo

Save

14,534 SqFt

Key Details

Property Type Commercial

Sub Type Commercial Improved Prop

Listing Status Active

Purchase Type For Sale

Square Footage 14,534 sqft

Price per Sqft $144

MLS Listing ID 1971942

Construction Status Brick,Other

Year Built 1976

Annual Tax Amount $17,799

Lot Size 0.466 Acres

Property Sub-Type Commercial Improved Prop

Property Description

703 Logwood Avenue presents the opportunity to acquire a value add 24-unit multifamily asset strategically located in San Antonio's established South Park submarket. Situated on approximately 0.466 acres, the property encompasses 14,534 square feet of rentable living area and features a well-balanced unit mix of fourteen (14) one-bedroom/one-bathroom units and ten (10) two-bedroom/one-bathroom units. The property offers investors immediate In-place cash flow while also presenting a compelling value-add opportunity. New ownership may increase revenues through strategic interior and exterior improvements, operational efficiencies, and continued rent optimization, creating the potential to further enhance returns while maintaining strong occupancy. Located in the heart of the South Park area, 703 Logwood benefits from exceptional accessibility to many of San Antonio's largest employment and economic drivers. The property is less than 15 minutes from Downtown San Antonio, Lackland Air Force Base, major universities, healthcare facilities, and numerous employment centers, providing a diverse and resilient tenant base. The property unit mix is well-positioned to serve workforce housing demand from military personnel, students, healthcare workers, and local professionals seeking affordable housing options in a centrally located submarket. In addition to its near-term value-add potential, the asset offers investors the opportunity to benefit from long-term appreciation driven by San Antonio's continued population growth, expanding employment base, and increasing demand for attainable rental housing. As investment activity and redevelopment continue throughout the city's south and central corridors, 703 Logwood is well-positioned to capitalize on both operational upside and future market appreciation. 703 Logwood Avenue represents a rare opportunity to acquire a stabilized, cash-flowing multifamily asset with value-add potential in a supply-constrained infill location. The combination of current income, upside through improved operations, and long-term appreciation prospects, makes this offer attractive to both yield-focused investors and 1031 exchange buyers seeking durable multifamily fundamentals in one of Texas' fastest-growing metropolitan areas.

Location

State TX

County Bexar

Area 2100

Zoning MF-33

Interior

Heating Central

Cooling Central

Exterior

Garage Spaces 30.0

Utilities Available Electricity, Gas, Water, Sewer, Other

Roof Type Composition,Other

Building

Story 2

Foundation Slab

Level or Stories 2

Construction Status Brick,Other

Schools

School District Harlandale I.S.D

Others

Acceptable Financing Sale Only, Cash, Conventional, 2nd Seller Carry, Other

Listing Terms Sale Only, Cash, Conventional, 2nd Seller Carry, Other

LERA MLS - Local Expertise Regional Access / SABOR

Listed by Uri Uriah • Uriah Real Estate Organization • (210) 315-8885

Find out why customers are choosing LPT Realty to meet their real estate needs!!

+1(210) 941-7809

realtormichelledaep@gmail.com

Learn More About LPT Realty

703 Logwood Ave San Antonio, TX 78221