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Alegre Apartments

Class: C
Property Details: 1969 | Garden-Style | 24 Units
Locations: San Antonio, TX
Acquired Date: April 2012 
Sold Date: November 2014 

Initial Loan: $437,000
Rehab Budget: $375,000
Investment Period: 2 Years

Results For Our Investors

Equity Multiple

%

Total Return

Investment Summary

Alegre Apartments was constructed in 1969 in the Balcones Heights area of San Antonio. The property was 85% occupied at takeover and had significant value add potential. The property had significantly different maintenance and upside potential. All three buildings received a new roof, soffits, and fascia. The unused storage area was converted into the new leasing office. Improvements were made to the laundry and pool area, along with major repairs to the  air conditioner units

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