$519,900
7
Units
Property Type
Two Story
Status
Pending
Price Type
Distressed
Year Built
1913
Neighborhood
N/a
Days on Website
231
Property Map
$519,900 – 3118 W Gerald Ave, San Antonio, TX 78211
Street View
Courtesy of White Line Realty LLC, Hillary Romero {attribution_contact}
Description
This is a great 7 unit apartment complex for an investor looking to cash flow. In an Opportunity Zone! All units are currently rented, no vacancies and everyone is on a lease. Foundation was fixed, water lines were replaced, all units upstairs were completely remodeled, all window A/Cs were replaced 3 years ago. Shed on the property for additional storage or a potential 8th unit. Owners are selling six small multi family properties.
Property Details and Features
Listing
- 811 cumulative days on market
- 189 days on market
- Listing date: 2024-04-04 05:00:00
Location
- County: Bexar
- Subdivision: N/A
Bedrooms
- 1 bedroom in unit 1
- 1 bedroom in unit 2
- 1 bedroom in unit 3
- 1 bedroom in unit 4
- 2 bedrooms in unit 5
- 2 bedrooms 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
- 7 total units
- Approximate age: 111 years
- Built in 1913
- Builder: Unknown
- Oven/Stove
- Oven/Stove
- Oven/Stove
- Refrigerator
- Oven/Stove
- Refrigerator
- Oven/Stove
- Refrigerator
- Oven/Stove
- Refrigerator
- Oven/Stove
Exterior Features
- Siding
Floors
- Carpeting
- Vinyl
- Laminate
Roof
- Composition
Miscellaneous
- Net operating income: $34,753
- Unit 1 rent: $855
- Unit 2 rent: $815
- Unit 3 rent: $825
- Unit 4 rent: $860
- Unit 5 rent: $980
- Unit 6 rent: $1,005
- Unit 7 rent: $865
- 0% vacancy rate
- Annual operating expense: $35,432
- Gross annual income: $70,185
- Taxes
- Insurance
- All Utilities
Parking
- 1 parking space 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
- 1 parking space 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
Property
- Zoning: MF-33
Schools
- School district: Call District
- Elementary school: Call District
- Middle school: Call District
- High school: Call District
Cooling
- Window/Wall
- Two Window/Wall
Heating
- Natural Gas
- None
Utilities
- Common Water
- Common Electric
- Common Gas
- City
Taxes
- Total tax amount: $14,603