Matthews™ is pleased to present The Selena Apartments, a 119-unit garden-style multifamily community located in the Hot Wells / Brooks corridor of San Antonio, Texas. Built in 1975 and meticulously maintained under current ownership, the property features 31 total buildings across nearly eight acres, offering a low-density environment with single-story layouts attractive to residents seeking spacious units and accessibility. The Selena provides investors with a compelling light value-add opportunity supported by strong in-place cash flow, measurable rent upside, and insulation from new multifamily supply in one of San Antonio’s fastest growing corridors.

Current ownership has completed a comprehensive renovation program, investing over $1,300,000 in the asset. Exterior improvements include new siding and trim on all 31 buildings, fresh paint, roofing improvements, new LED lighting, resealed and restriped parking lots, new fencing, and enhanced curb appeal, fresh concrete, and new landscaping across the 8.42-acre site. Additionally, the pool area has been repurposed into a dog park and community garden, aligning the property with modern renter preferences. Interior renovations include heavy or medium remodels in 103 units, incorporating new flooring, resurfaced countertops, fresh paint, upgraded fixtures, new appliances, and updated plumbing. These improvements provide a durable physical foundation for long-term operations at The Selena and allow for further elevation through unit and exterior enhancement in addition to operational upside.

Strategically positioned near Brooks, The Selena benefits from proximity to over $1.3 billion in public and private investment driving South San Antonio’s resurgence. Major employers such as Mission Trail Baptist Hospital, Navistar, Nissei Plastics, and the UTSA Cyber Manufacturing Hub anchor the area, while nearby retail including H-E-B, City Base Landing, and South Park Mall enhance everyday convenience. Residents enjoy immediate connectivity to IH-37, Loop 410, and Downtown San Antonio, offering strong renter demand from the city’s expanding workforce base.