The Terrace is a gated community built in 1974 with 106 units and located in North East San Antonio. The property features a pool, two laundry facilities, office, mail room, ample outdoor courtyard areas and over 3 parking spots per unit.
Strategy: Low basis acquisition of workforce housing with significant upside through re-positioning, adding 24 units, and charging back utilities.
While the execution of our business plan is going well we are still in the early stages. Below are the projected returns we expect to see if all goes according to plan.
Our business plan includes the following improvements.