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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 Apartments

Waterford Park Apartments Signage
Waterford Park Apartments Pool
Waterford Park Apartments Leasing Office Exterior
Waterford Park Apartments Leasing Office Interior2
Waterford Park Apartments Leasing Office Interior4
Waterford Park Apartments Leasing Office Interior3
Waterford Park Apartments Leasing Office Interior6
Waterford Park Apartments Leasing Office Interior5
Waterford Park Apartments Leasing Office Interior
Waterford Park Apartments Leasing Office Interior7
Waterford Park Apartments Leasing Office Kitchen
Waterford Park Apartments Gym
Waterford Park Apartments Gym2
Waterford Park Apartments Mailboxes
Waterford Park Apartments Leasing Office Back View
Waterford Park Apartments Leasing Office Exterior Lounge
Waterford Park Apartments Firepit Lounge
Waterford Park Apartments Firepit Night
Water Park Apartments Grilling
Waterford Park Apartments Hammock Night
Waterford Park Apartments Hammock
Waterford Park Apartments
Waterford Park Apartments Firepit
Waterford Park Apartments Leasing Office
Waterford Park Apartments Swing Chairs
Waterford Park Apartments Package Lockers
Waterford Park Apartments Outdoor Game Station
Waterford Park Apartments Model Living2
Waterford Park Apartments Model Living4
Waterford Park Apartments Model Living
Waterford Park Apartments Model Kitchen
Waterford Park Apartments Model Kitchen and Dining
Waterford Park Apartments Model Bedroom
Waterford Park Apartments Model Bedroom1
Waterford Park Apartments Model Vanity
Waterford Park Apartments Model Bathroom
Waterford Park Apartments Model Bathroom View
Waterford Park Apartments Model Bathroom
Waterford Park Apartments Exterior Building
Waterford Park Apartments Signage Waterford Park Apartments Pool Waterford Park Apartments Leasing Office Exterior Waterford Park Apartments Leasing Office Interior2 Waterford Park Apartments Leasing Office Interior4 Waterford Park Apartments Leasing Office Interior3 Waterford Park Apartments Leasing Office Interior6 Waterford Park Apartments Leasing Office Interior5 Waterford Park Apartments Leasing Office Interior Waterford Park Apartments Leasing Office Interior7 Waterford Park Apartments Leasing Office Kitchen Waterford Park Apartments Gym Waterford Park Apartments Gym2 Waterford Park Apartments Mailboxes Waterford Park Apartments Leasing Office Back View Waterford Park Apartments Leasing Office Exterior Lounge Waterford Park Apartments Firepit Lounge Waterford Park Apartments Firepit Night Water Park Apartments Grilling Waterford Park Apartments Hammock Night Waterford Park Apartments Hammock Waterford Park Apartments Waterford Park Apartments Firepit Waterford Park Apartments Leasing Office Waterford Park Apartments Swing Chairs Waterford Park Apartments Package Lockers Waterford Park Apartments Outdoor Game Station Waterford Park Apartments Model Living2 Waterford Park Apartments Model Living4 Waterford Park Apartments Model Living Waterford Park Apartments Model Kitchen Waterford Park Apartments Model Kitchen and Dining Waterford Park Apartments Model Bedroom Waterford Park Apartments Model Bedroom1 Waterford Park Apartments Model Vanity Waterford Park Apartments Model Bathroom Waterford Park Apartments Model Bathroom View Waterford Park Apartments Model Bathroom Waterford Park Apartments Exterior Building

Before Waterford Park

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

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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Rise at Elmside

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