Built in 1983 on a 9.5-acre tract with sprawling oak trees, Vizcaya Apartments features two swimming pools, courtyards and grilling areas, as well as a spacious fitness center. Units at Vizcaya are efficiently designed with black appliances, wood and carpet style flooring, fireplaces, and washer/dryer connections. Vizcaya offers investors a stable, highly occupied apartment community in excellent condition, located in the highly sought after North East ISD. Current ownership has renovated approximately 37% of the interior units, proving out rent premiums over the traditional units. Investors could further raise rents and improve NOI by continuing the interior upgrade plan as well as several other value add enhancements throughout the property.
JLL has been exclusively retained to offer qualified investors the unique opportunity to purchase the fee simple interest in Vizcaya Apartments (the “Property”), a 256-unit garden apartment community spread across 19 buildings in North Central San Antonio, Texas.
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