Class: B
Year: 1984
Style: Garden-Style
Address: 5700 N Knoll, San Antonio, TX 78240
Property URL: knollcrestsa.com
Investment Summary
Knoll Crest is a Class B, 264 Unit Garden Style property built in 1984. Acquired in June 2018, this beautiful community is located in the heart of the Medical Center and a short drive to USAA, UTSA, and an extensive selection of shopping and entertainment options.
Common area amenities
- Gated Community
- Two Swimming Pools
- New Fitness Center
- Laundry Center
- Business Center
- Pet Friendly – Dog Park & Pet Stations
- Outdoor Kitchens at Each Pool
Interior Amenities
- Washer & Dryer Connections*
- Faux Granite Countertops
- Fireplaces*
- Walk-In Closets
- Private Patio or Balcony*
- Ceiling Fans
- Faux Hardwood Flooring/Carpet
- Black Appliances*
- Upgraded Showers*
- Tile Backsplashes in Kitchens*
Business Plan
The business plan for Knoll Crest included adding a fitness center, remodeling the leasing office, remodel two pools, add a sun deck, improve landscaping. Interior upgrades for 132 units include adding faux wood flooring, 2” wood blinds, USB ports, and kitchen backsplashes. Horizon Hill and Knoll Crest were purchased through the Alamo2Prop combined investment opportunity. Alamo2Prop was refinanced, returning 32% of the investor’s initial capital. Due to the execution of the business plan, the combined property values increased by over $6 million within two years of ownership.
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