Rio@1604
14900 Nacogdoches Road
San Antonio, TX 78247
Highlights
- Strong In-Place Performance: 96% Occupancy
- Value Add Upside With Remaining Classic Units
- Attractive Returns: 24.7 Projected Value Add IRR
Description
The Go-Getters Multifamily Team is pleased to present Rio @ 1604, a 132-unit value-add investment opportunity located in San Antonio, Texas. Originally constructed in 1985, the property has undergone a comprehensive renovation program that has already demonstrated its ability to generate meaningful rent growth and operational upside. To date, 80 units have been renovated, with 50 units remaining. The completed upgrades are achieving rental premiums in excess of $100 per unit, clearly validating strong market demand for enhanced interiors.
Rio @ 1604 is located in San Antonio, a fast-growing metro area of 2.6 million people anchored by the nation’s seventh-largest city. The city has grown 22% since 2010 and is projected to add 1 million residents by 2040. San Antonio offers strong economic opportunities with major employers like Joint Base San Antonio, USAA, JPMorgan Chase, and Methodist Health Care, and supports diversified growth in aerospace, biosciences, cybersecurity, healthcare, and IT, contributing to a high quality of life.
