MLS# 1782556 – 6506 Melanzane Ave, San Antonio, TX 78233

$836,999 - Br/Ba - for Sale in Tesoro Ridge, San Antonio

Price: $836,999

Units: 4

Property Type: Two Story

Status: Active

Year Built: 2016

Neighborhood: Tesoro Ridge

Days on Website: 168

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

Property 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

Property Map

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

Street View

Nearby Schools

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