21739 Hardy Oak Blvd, San Antonio, TX, 78258-2360, US

Club at Stone Oak

Attributes

Units

250

Year built

2005

Building area net

24,672 sm

Land area net

5.55 ha

Description

Club at Stone Oak is a premier 250-unit asset in San Antonio, Texas, built in 2005. Located in the heart of the desirable Stone Oak area, the property is insulated from new supply, creating an ideal environment for outsized future rent growth. Club at Stone Oak average rents are 20% below new construction assets in the submarket, making it a well-positioned value-add investment opportunity at a basis significantly below replacement cost.

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Investment highlights

Premium value-add asset in position for outsized rent growth with 20%+ rent gap to new construction
Elite demographic profile driving high-quality demand in the premier Stone Oak submarket
$499K Average Home Sale Price
11% Population Growth Since 2020 (2X MSA Average)
$125K Median Household Income
40%+ discount to replacement cost for 3-story garden construction
Extreme renting versus owning gap makes for prolonged rentership
57% discount to home ownership
$3,171 average mortgage vs $1,349 effective rents at Club at Stone Oak