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Ridge at Southcross

Class: B
Year: 1974
Style: Garden-Style

Acquired Date: October 2019
Address: 4700 Stringfellow St. San Antonio, Texas, 78223
Property URL: ridgeatsouthcross.com

Investment Summary

Ridge at Southcross is a Class B, 212 Unit Garden-Style community built in 1974.  Acquired in October 2016 this property features 32 efficiency, 104 one-bedroom, and 76 two-bedroom units.  Located near Brooks City Base, the property in only 6 miles from downtown and off of two major freeways.

Ridge at Sothcross IMG_3974
Ridge at Sothcross dinning
Ridge at Sothcross kitchen
Ridge at Sothcross IMG_3973
Ridge at Sothcross pool
Ridge at Sothcross IMG_3977
Ridge at Sothcross outside pool
Ridge at Sothcross lobby
Ridge at Sothcross living
Ridge at Sothcross lobby 2
Ridge at Sothcross IMG_3974 Ridge at Sothcross dinning Ridge at Sothcross kitchen Ridge at Sothcross IMG_3973 Ridge at Sothcross pool Ridge at Sothcross IMG_3977 Ridge at Sothcross outside pool Ridge at Sothcross lobby Ridge at Sothcross living Ridge at Sothcross lobby 2

Common area amenities

  • Townhomes Available*
  • Fitness Center
  • Sparkling Swimming Pool & Hot Tub
  • Tanning Deck
  • Outdoor Grilling Area & Pergola
  • Wi-Fi in Business Center
  • Pet Friendly Community with Dog Park
  • Two Community Clothes Care Facilities
  • Laundry Facility
  • Controlled access ages

Interior Amenities

  • Faux Hardwood Floors and Carpet
  • Faux Granite Countertops
  • Black Appliances*
  • Wood Blinds
  • Two-tone Paint
  • Ceiling Fans
  • Extra Storage Available for Rental
  • Walk-In Closets
  • Patios or Balconies
* In Select Units

Business Plan

For the Ridge at Southcross, The business plan 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. This plan was executed allowing us to take out a supplemental loan on this property in February 2020, resulting in a 40% return of initial capital to our investors. We will continue to hold this property until the five year mark. At which time, the full business plan will be complete.

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Atrium Commons

Class B | 1985
256 Unit Garden-Style
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Chartwell Court

Avenue at Converse

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Rise at Elmside

4000 Horizon Hill

Class B | 1984
273 Unit Garden-Style
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The Archer at Willowbrook

Stratton Park

Class B+ | 1986
127 Unit Garden-Style
Acquired October 2017

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