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PA-TV130
MULTIFAMILY
FOR SALE

Century South Apartments

703 LOGWOOD AVE, SAN ANTONIO, TX, 78221

Listed by URIAH Real Estate Organization

ASKING
$1.95M
5.58% CAP
Pedro Armando
— LISTING ADVISOR
Pedro Armando
Principal · PA Real Estate
TYPE
Multifamily
TRANSACTION
For Sale
SUB TYPE
Apartment Building
UNITS
30
CAP RATE
5.58%
NOI
$108,837
OCCUPANCY
83%
SQUARE FOOTAGE
14,534
YEAR BUILT
1976
STORIES
2
ACREAGE
0.47
ZONING
MF-33
PRICE / UNIT
$87,500
PRICE / SQFT
$134.17

Asset summary.

PA-TV130

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.

01CASH FLOWING ASSET- CONSISTENTLY OCCUPIED 24-UNIT APARTMENT COMMUNITY.
02EXCEPTIONAL ACCESSIBILTY TO MANY OF SAN ANTONIO’S LARGEST EMPLOYMENT AND ECONOMIC DRIVERS.
03VALUE ADD OPPORTUNITIES THROUGH STRATEGIC RENOVATIONS.
04OFFERS IMMEDIATE CASH FLOW AND LONG-TERM UPSIDE POTENTIAL.

Year-one numbers.

Underwritten from rent roll and trailing 12 operating statements. Full T-12, rent roll, and PSA available in data room.

GROSS SCHEDULED RENT$136,046
OPERATING EXPENSES($27,209)
NET OPERATING INCOME$108,837
ASKING PRICE$1.95M
CAP RATE5.58%

703 LOGWOOD AVE, SAN ANTONIO, TX, 78221

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