Hartline Apartment Homes

    • 403 Hartline Drive
    • San Antonio, TX 78218

INVESTMENT HIGHLIGHTS

  • Potential 14% Cash-on-Cash Return
  • Occupancy: 100%
  • Secluded Location in Park-Like Setting
  • Number of Units: 8
  • Acres: 0.60
  • Less than a 1/4 Mile to Shopping, Restaurants, and Entertainment

EXECUTIVE SUMMARY

Independence Commercial Advisors is pleased to present the Hartline Apartment Homes, an eight-unit residential community in the Northeast submarket of San Antonio, Texas. Ownership is offering the property free and clear of existing debt providing a buyer the opportunity to place new debt and the potential to achieve an IRR over a 5 -year hold of 28% and an annual cash on cash return of nearly 14%. Built in 1980, Hartline Apartment Homes enjoys a great north San Antonio location in a densely populated residential neighborhood just a few blocks from the intersection of Austin Highway and Walzem Road. This submarket is enjoying phenomenal rent growth of more than 13% over both the previous 12- and 24-month periods as reported by AparmentTrends .com.

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