For Sale
Call for price

101 Macrae LnKirby, TX 78219

31-unit apartment complex, Kirby, TX

Overview

Added:
Dec 11, 2024
Days on market:
117
Briarwood Apartments presents a compelling value-add investment opportunity in Kirby, Texas. This 31-unit apartment building, totaling 16,505 net rentable square feet, sits on a 1.68-acre lot and boasts 94% occupancy as of June 17, 2024. The property comprises eight single-story buildings constructed in 1972 and is zoned OCL. Its prime location offers easy access to major transportation arteries, including Interstate 35 and Loop 410, experiencing high daily traffic volume exceeding 90,000 vehicles. This translates to a highly desirable location for potential residents. The property benefits from recent capital improvements, including resurfaced parking lots, HVAC replacements, electrical repairs, and interior upgrades such as refreshed cabinets, new tiles and tubs, and fresh paint. However, further value-add potential exists through additional interior renovations, such as granite countertops, faux-wood flooring, modern fixtures, painted kitchen cabinets, and stainless-steel appliances, allowing for increased rental rates and attracting a higher-quality resident base. The property's proximity to downtown San Antonio (approximately 10 minutes east), Alamo Heights, and The Pearl, combined with the growing employment hub in Northeast San Antonio, makes this a strong investment prospect. This asset offers significant upside potential due to increasing rental rates in the submarket and the opportunity for further unit upgrades.

Highlights

  • Extensive interior and exterior renovations completed, including parking lot resurfacing, HVAC upgrades, electrical repairs, and unit upgrades (cabinets, tile, tubs, paint).
  • Significant value-add potential through further interior renovations (e.g., granite countertops, updated flooring, fixtures, appliances) to increase rental rates.
  • Strong rental demand driven by growth in the Northeast San Antonio industrial submarket, fueled by USMCA and onshoring trends.
  • Excellent location in Northeast San Antonio, offering high visibility and accessibility due to proximity to I-35 and Loop 410 (over 90,000 vehicles daily).

Property Details for 101 Macrae Ln

Property type
Apartment buildings
Year Built
1972
Buildings
8
Stories
1
Lot Size (sq. ft)
73,181 SF
Units
31

Location Insight

City
Kirby
County
Bexar
State
Texas
Latitude
29.467177290829
Longitude
-98.392782329639
101 Macrae Ln, Kirby, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
101 Macrae Ln
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message