Property Type Two Story
Status Active
Price Type
Distressed
Year Built 2016
Neighborhood Tesoro Ridge
Days on Website 168

Property Map

$836,999 – 6506 Melanzane Ave, San Antonio, TX 78233

Street View

Courtesy of Marshall Reddick Real Estate, Gerard Kolodejcak {attribution_contact}

Description

The Tesoro Ridge fourplex community has been investors staple in NE San Antonio. This community is known for having a very low vacancy rate and top tier rental pricing when compared to other quadplexes throughout San Antonio. Landlord was meticulous with this investment property. Tile on first floor and LVP flooring throughout stairs and 2nd floor, Granite Countertops with Breakfast Bar, Appliances included, Waffle Ceiling in the Living room, Master Suite with raised ceiling & ceiling fan, Large Walk-in Closet, Utility room inside and more! All units are set up with a privately fenced yard. Great location on the NE side of San Antonio, with close proximity to Wurzbach, Loop 1604.

Property Details and Features

Listing

  • 180 cumulative days on market
  • 167 days on market
  • Listing date: 2024-06-08 05:00:00
  • Price per square foot: $172

Location

  • County: Bexar
  • Subdivision: TESORO RIDGE

Bedrooms

  • 3 bedrooms in unit 1
  • 3 bedrooms in unit 2
  • 3 bedrooms in unit 3
  • 3 bedrooms in unit 4

Bathrooms

  • 2 full bathrooms in unit 1
  • 1 half bathroom in unit 1
  • 2 full bathrooms in unit 2
  • 1 half bathroom in unit 2
  • 2 full bathrooms in unit 3
  • 1 half bathroom in unit 3
  • 2 full bathrooms in unit 4
  • 1 half bathroom in unit 4

Accessibility Features

  • Unit 1 disability access: No
  • Unit 2 disability access: No
  • Unit 3 disability access: No
  • Unit 4 disability access: No

Building

  • 4,864 square feet
  • 4 total units
  • Approximate age: 8 years
  • Built in 2016
  • Builder: Leca Construction
  • Oven/Stove
  • Dishwasher
  • Refrigerator
  • Washer Connection
  • Dryer Connection
  • Oven/Stove
  • Dishwasher
  • Refrigerator
  • Washer Connection
  • Dryer Connection
  • Oven/Stove
  • Dishwasher
  • Refrigerator
  • Washer Connection
  • Dryer Connection
  • Oven/Stove
  • Dishwasher
  • Refrigerator
  • Washer Connection
  • Dryer Connection

Exterior Features

  • Patio Slab
  • Covered Patio
  • Stucco
  • Cement Fiber

Floors

  • Carpeting
  • Ceramic Tile
  • Vinyl

Foundation

  • Slab

Roof

  • Composition

Miscellaneous

  • Net operating income: $44,626
  • Unit 1 rent: $1,500
  • Unit 2 rent: $1,495
  • Unit 3 rent: $1,450
  • Unit 4 rent: $0
  • 5% vacancy rate
  • Annual operating expense: $26,714
  • Gross annual income: $71,340
  • Taxes
  • Insurance
  • Management

Parking

  • 1 parking space for unit 1
  • Unit 1 parking type: Attached
  • 2 parking spaces for unit 2
  • Unit 2 parking type: Attached
  • 2 parking spaces for unit 3
  • Unit 3 parking type: Attached
  • 2 parking spaces for unit 4
  • Unit 4 parking type: Attached

Lot

  • Lot size: 0.203

Schools

  • School district: North East I.s.d
  • Elementary school: Fox Run
  • Middle school: Wood
  • High school: Roosevelt

Cooling

  • Unit Central

Heating

  • Electric
  • Central

Utilities

  • Separate Electric
  • Common Water

Taxes

  • Total tax amount: $19,007

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