MLS# 1750255 – 201 Lantana St, Floresville, TX 78114

$1,400,000 - Br/Ba - for Sale in N/a, Floresville

Price: $1,400,000

Units: 6

Property Type: Two Story

Status: Back On Market

Year Built: 2018

Neighborhood: N/a

Days on Website: 380

Courtesy of RE/MAX GO – NB, Brandon Torres {attribution_contact}

Property Description

Exclusive Investment Opportunity – By Appointment Only. Discover a unique portfolio offering with this fully occupied ensemble of six duplex rental units, guaranteeing immediate income. The property doesn’t just end here; it also encompasses five ready-to-develop vacant lots, each with city utilities already established, opening the door to boundless opportunities for retail or additional residential projects. Prospective buyers are invited to explore the vast potential of this versatile property, subject to showcasing proof of funds. Please note, the seller is committed to preserving the integrity of this investment package and will not consider sub-division. Secure your appointment today to uncover the possibilities that await in this prime investment opportunity.

Property Details and Features

Building
Oven/Stove
8,250 square feet
6 total units
Approximate age: 6 years
Built in 2018
Builder: Moody
Oven/Stove
Oven/Stove
Oven/Stove
Oven/Stove
Oven/Stove

Listing
551 cumulative days on market
366 days on market
Listing date: 2024-02-08 06:00:00
Price per square foot: $170

Location
County: Wilson
Subdivision: N/A

Bedrooms
3 bedrooms in unit 1
3 bedrooms in unit 2
3 bedrooms in unit 3
3 bedrooms in unit 4
3 bedrooms in unit 5
3 bedrooms in unit 6

Bathrooms
2 full bathrooms in unit 1
2 full bathrooms in unit 2
2 full bathrooms in unit 3
2 full bathrooms in unit 4
2 full bathrooms in unit 5
2 full bathrooms in unit 6

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

Exterior Features
Cable TV Available
Cement Fiber

Floors
Laminate

Foundation
Slab

Roof
Metal

Miscellaneous
Net operating income: $76,300
0% vacancy rate
Annual operating expense: $20,000
Gross annual income: $96,300
Taxes
Insurance
Licenses/Permits

Parking
4 parking spaces for unit 1
Unit 1 parking type: Carport
4 parking spaces for unit 2
Unit 2 parking type: Carport
4 parking spaces for unit 3
Unit 3 parking type: Carport
4 parking spaces for unit 4
Unit 4 parking type: Carport
4 parking spaces for unit 5
Unit 5 parking type: Carport
4 parking spaces for unit 6
Unit 6 parking type: Carport

Lot
Lot size: 2.63

Schools
School district: Floresville Isd
Elementary school: Floresville
Middle school: Floresville
High school: Floresville

Cooling
Unit Central

Heating
Electric
Central

Utilities
Separate Electric
Separate Gas
Separate Water
City
Electric utility supplier: Felps
Water utility supplier: City

Taxes
Total tax amount: $1,813

Property Map

$1,400,000 – 201 Lantana St, Floresville, TX 78114

Street View

Nearby Schools

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