Class: B
Year: 2008
Style: Garden-Style
Acquired Date: November 2021
Address: 9205 W FM 78, Converse, TX 78109
Property URL: www.waterfordparkapts.com
Investment Summary
Waterford Park is a 224-unit Class A property built in 2008 in Northeast San Antonio. This property is well located in the growing Converse submarket. At the time of purchase, Waterford Park rents were $200 below nearby Class A Properties.
Waterford Park provided an excellent opportunity to add a cash-flowing Class A asset, while enjoying many of the benefits of a true value-add asset. The property is exceptionally located along major San Antonio transportation arteries, Loop 1604 and I-35. The units have favorable attributes including 100% full-size washer and dryer connections in spacious 1, 2, and 3 bedroom floor plans with an average size of 878 SQFT.
Common area amenities
- Private, Gated Community
- Covered Parking Available
- Sparkling Swimming Pool with Waterfall
- Poolside Cabanas & Grilling Area
- Outdoor Fireplace with Pergola
- New Dog Bark Park
- State-of-the-Art Fitness Center
- Fully Equipped Business Center
- Community Coffee Lounge
- Courtesy On-Site Patrol Service
- Valet Trash Service
Interior Amenities
- Spacious 1, 2, & 3-Bedroom Floor Plans
- Washer & Dryers included in every home
- Granite Countertops
- Sleek Black GE Appliances with glass top range
- Expansive Kitchen Pantries
- Vinyl Wood Plank Flooring
- Built-In Desks/Workstations*
- Expansive Walk-In Closets
- Garden-Style Soaking tubs*
- Built-In Vanity and Dressing Table*
- Abundant Storage Space
Business Plan
Our business plan for this property includes fully renovating 112 units to a modern finish to far exceed previous renovations. With our in-house management company taking over full operations of this cash-flowing property on day 1, we believe this property’s performance will only accelerate with our proven vertically integrated approach.
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