222 Merida St San Antonio, TX 78207

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218-222 Merida is a garden-style apartment community built in 1987 and consisting of ten spacious two-bedroom / one-bath units, each with washer/dryer connection and additional storage. Upgrades to units include new plank flooring, updated fixtures and LED package, faucets, sinks, appliances, blinds, and countertops. Ownership has implemented a water conservation program (inclusive of low-flow toilets, shower heads, and sink aerators), while also upgrading plumbing in bathrooms. Exterior upgrades include replacement of 40% of the HVAC systems and ducts in 20% of the units, repaired roofs, parking areas, and siding, as well as installation of solar screens and a video security system with high-speed internet. CapEx infusion during 2021-2024 encompasses $34k in exteriors and $100k for the interiors; totaling around $135k in CapEx.