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Waterford Park

Class: B
Year: 2008
Style: Garden-Style

Acquired Date: November 2021
Address: 9205 W FM 78, Converse, TX 78109
Property URL:  www.waterfordparkapts.com

Waterford Park

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.

Why We Like This Property:

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.

Waterford Park Pool 2
Waterford Park Living Room 2
Waterford Park Leasing Office
Waterford Park Kitchen Seating
Waterford Park Fitness Center
Waterford Park Pool
Waterford Park Bathroom
Waterford Park Kitchen
Waterford Park Porch
Waterford Park Kitchen 2
Waterford Park Living Room
Waterford Park living room
Waterford Park Business Center
Waterford Park Outdoor Kitchen
Waterford Park Pool 2 Waterford Park Living Room 2 Waterford Park Leasing Office Waterford Park Kitchen Seating Waterford Park Fitness Center Waterford Park Pool Waterford Park Bathroom Waterford Park Kitchen Waterford Park Porch Waterford Park Kitchen 2 Waterford Park Living Room Waterford Park living room Waterford Park Business Center Waterford Park Outdoor Kitchen

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
* In Select Units

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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