Investment Highlights
The Estates at Canyon Ridge is positioned adjacent to Highway 281 along Stone Oak Parkway, allowing for quick access to area employment hubs. It will directly benefit from the transformative 281 North Expansion Project, a $350 million TxDOT highway upgrade, which is in the second phase of construction. The Property is surrounded by exceptional public schools and neighborhoods with median home values over $334,000. Nearby retail options, Village at Stone Oak and Stone Ridge Market, allow residents abundant choice in nearby eclectic shopping, hip eateries, and modern entertainment. Residents of Estates at Canyon Ridge have ideal proximity to regional top-tier retail and leisure entertainment options via Stone Oak, The Rim, Shops at La Cantera, and Bulverde.
The 270-unit property was built in 2007 with 9 feet ceilings throughout the property. Additionally, all units are currently in classic condition, so the opportunity remains to bring all units at the property to a consistent, higher-end finish level, and make select, accretive upgrades to the exteriors and amenity spaces. Additional value can be unlocked at the property by installing washer & dryer machines into all the homes.
Property Highlights
The Estates at Canyon Ridge offers an ideal mix of one-, two and three-bedroom apartments with spacious floor plans and airy 9’ ceilings in all the homes. Additionally, all units are equipped with private balconies and patios. Potential amenity enhancements and upgrades include fitness center renovation, package lockers, new pool furnishings as well as improving the landscaping around the property.
Community Amenities & Unit Amenities
