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703 Logwood Ave San Antonio, TX 78221
14,534 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Improved Prop
Listing Status Active
Purchase Type For Sale
Square Footage 14,534 sqft
Price per Sqft $144
MLS Listing ID 1971942
Construction Status Brick,Other
Year Built 1976
Annual Tax Amount $17,799
Lot Size 0.466 Acres
Property Sub-Type Commercial Improved Prop
Property Description
703 Logwood Avenue presents the opportunity to acquire a value add 24-unit multifamily asset strategically located in San Antonio's established South Park submarket. Situated on approximately 0.466 acres, the property encompasses 14,534 square feet of rentable living area and features a well-balanced unit mix of fourteen (14) one-bedroom/one-bathroom units and ten (10) two-bedroom/one-bathroom units. The property offers investors immediate In-place cash flow while also presenting a compelling value-add opportunity. New ownership may increase revenues through strategic interior and exterior improvements, operational efficiencies, and continued rent optimization, creating the potential to further enhance returns while maintaining strong occupancy. Located in the heart of the South Park area, 703 Logwood benefits from exceptional accessibility to many of San Antonio's largest employment and economic drivers. The property is less than 15 minutes from Downtown San Antonio, Lackland Air Force Base, major universities, healthcare facilities, and numerous employment centers, providing a diverse and resilient tenant base. The property unit mix is well-positioned to serve workforce housing demand from military personnel, students, healthcare workers, and local professionals seeking affordable housing options in a centrally located submarket. In addition to its near-term value-add potential, the asset offers investors the opportunity to benefit from long-term appreciation driven by San Antonio's continued population growth, expanding employment base, and increasing demand for attainable rental housing. As investment activity and redevelopment continue throughout the city's south and central corridors, 703 Logwood is well-positioned to capitalize on both operational upside and future market appreciation. 703 Logwood Avenue represents a rare opportunity to acquire a stabilized, cash-flowing multifamily asset with value-add potential in a supply-constrained infill location. The combination of current income, upside through improved operations, and long-term appreciation prospects, makes this offer attractive to both yield-focused investors and 1031 exchange buyers seeking durable multifamily fundamentals in one of Texas' fastest-growing metropolitan areas.
Location
State TX
County Bexar
Area 2100
Zoning MF-33
Interior
Heating Central
Cooling Central
Exterior
Garage Spaces 30.0
Utilities Available Electricity, Gas, Water, Sewer, Other
Roof Type Composition,Other
Building
Story 2
Foundation Slab
Level or Stories 2
Construction Status Brick,Other
Schools
School District Harlandale I.S.D
Others
Acceptable Financing Sale Only, Cash, Conventional, Other
Listing Terms Sale Only, Cash, Conventional, Other
Listed by Uri Uriah • Uriah Real Estate Organization • (210) 315-8885