Property Type Two Story
Status Active
Price Type
Distressed
Year Built 1929
Neighborhood Lavaca
Days on Website 385

Property Map

$1,070,000 – 204 Florida St, San Antonio, TX 78210

Street View

Courtesy of Yndo Commercial Real Estate Co, Stephen Yndo {attribution_contact}

Description

A rare multifamily opportunity in the Lavaca Historic District and Southtown corridor, the Florida Street Apartments are one of the few MF properties retaining the in-demand historic architectural detailing of the Lavaca and King William neighborhoods. All 7 units vacated and refreshed. Ready for re-tenanting, additional value-add improvements or full or partial conversion to owner occupancy. 5 Units in the main bldg (1929) and 2 units in up/down duplex (1969). 6,159 SF total on .34 acres of land. $70,100 Annual Pro-Forma NOI. Asking $1,095,000. LOCATION: 204 Florida St and 910 Labor St, just west of the Florida/Carolina diamond interchange at I-37, and just off S. Presa in the Lavaca Historic District. Surrounded by iconic historic single family homes and top-of-the-market new construction townhomes, the Florida Street Apartments are walkable to all the famous restaurants of Southtown and downtown, and to the Mission Reach of the San Antonio River Hike & Bike Trail. This is a rapidly appreciating location with over 12,000 employees within a 1 mile radius.

Property Details and Features

Listing

  • 377 cumulative days on market
  • 377 days on market
  • Listing date: 2023-10-27 05:00:00
  • Price per square foot: $174

Location

  • County: Bexar
  • Subdivision: Lavaca

Bedrooms

  • 3 bedrooms in unit 1
  • 1 bedroom in unit 2
  • 2 bedrooms in unit 3
  • 1 bedroom in unit 4
  • 2 bedrooms in unit 5
  • 1 bedroom in unit 6
  • 1 bedroom in unit 7

Bathrooms

  • 1 full bathroom in unit 1
  • 1 full bathroom in unit 2
  • 1 full bathroom in unit 3
  • 1 full bathroom in unit 4
  • 1 full bathroom in unit 5
  • 1 full bathroom in unit 6
  • 1 full bathroom in unit 7

Accessibility Features

  • Unit 1 disability access: No
  • Unit 2 disability access: No
  • Unit 3 disability access: No
  • Unit 4 disability access: No
  • Unit 5 disability access: No
  • Unit 6 disability access: No
  • Unit 7 disability access: No

Building

  • 6,149 square feet
  • 7 total units
  • Approximate age: 94 years
  • Built in 1929
  • Builder: Unknown
  • Oven/Stove
  • Refrigerator
  • Oven/Stove
  • Refrigerator
  • Oven/Stove
  • Refrigerator
  • Oven/Stove
  • Refrigerator
  • Oven/Stove
  • Refrigerator
  • Oven/Stove
  • Refrigerator
  • Oven/Stove
  • Refrigerator

Exterior Features

  • Has Gutters
  • Mature Trees
  • Neighborhood Pool
  • Cable TV Available
  • Park/Playground
  • Wood

Floors

  • Wood

Roof

  • Metal

Miscellaneous

  • Net operating income: $70,106
  • Unit 1 rent: $1,975
  • Unit 2 rent: $1,400
  • Unit 3 rent: $1,465
  • Unit 4 rent: $1,065
  • Unit 5 rent: $1,465
  • Unit 6 rent: $1,595
  • Unit 7 rent: $1,595
  • 6% vacancy rate
  • Annual operating expense: $46,611
  • Gross annual income: $126,720
  • City Bus
  • Historic District
  • Taxes
  • Insurance
  • Maintenance
  • Management
  • Services
  • Reserves

Parking

  • 2 parking spaces for unit 1
  • Unit 1 parking type: Pad
  • 1 parking space for unit 2
  • Unit 2 parking type: Pad
  • 1 parking space for unit 3
  • Unit 3 parking type: Pad
  • 1 parking space for unit 4
  • Unit 4 parking type: Pad
  • 2 parking spaces for unit 5
  • Unit 5 parking type: Pad
  • 1 parking space for unit 6
  • Unit 6 parking type: Pad
  • 1 parking space for unit 7
  • Unit 7 parking type: Pad

Lot

  • Lot size: 0.34

Property

  • Zoning: RM-4 CD H

Schools

  • School district: San Antonio I.s.d.
  • Elementary school: Bonham
  • Middle school: Burnet
  • High school: Brackenridge

Cooling

  • Window/Wall

Heating

  • Electric
  • Natural Gas
  • Window Unit
  • Other

Utilities

  • Separate Electric
  • Common Water
  • Common Gas
  • Gas utility supplier: CPS
  • Electric utility supplier: CPS
  • Garbage utility supplier: COSA
  • Water utility supplier: SAWS
  • Sewer utility supplier: SAWS

Taxes

  • Total tax amount: $927,700

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