Property Map
Street View
Courtesy of Lockwood Realty Group, LLC, Letitia Gonzalez {attribution_contact}
Description
Explore a great investment opportunity with this well-appointed multifamily mid-rise in the thriving San Antonio area. This building provides a desirable blend of modern comfort and historic charm. Originally built in 1954 and thoughtfully renovated in 1985, the property offers a balance of classic appeal and contemporary convenience. Recent upgrades include a new roof and all units offer updated central AC/heating. Off-street parking and an on-site washer/dryer room further enhance its appeal. With its prime location and established rental history, this multifamily mid-rise presents a lucrative opportunity for investors seeking a strong foothold in the flourishing San Antonio market. Whether you’re a seasoned investor or exploring multifamily opportunities for the first time, this property offers the potential for solid returns and enduring value in a sought-after location.
Property Details and Features
Listing
- 79 cumulative days on market
- 79 days on market
- Listing date: 2024-06-20 05:00:00
- Price per square foot: $176
Location
- County: Bexar
- Subdivision: N/A
Bedrooms
- 2 bedrooms in unit 1
- 2 bedrooms in unit 2
- 1 bedroom in unit 3
- 2 bedrooms in unit 4
- 2 bedrooms in unit 5
- 1 bedroom in unit 6
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 half bathroom in unit 4
- 1 full bathroom in unit 5
- 1 full bathroom 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
Building
- 4,554 square feet
- 6 total units
- Approximate age: 70 years
- Built in 1954
- Builder: Unknown
- Oven/Stove
- Refrigerator
- Other
- Oven/Stove
- Refrigerator
- Other
- Oven/Stove
- Refrigerator
- Other
- Oven/Stove
- Refrigerator
- Other
- Oven/Stove
- Refrigerator
- Other
- Oven/Stove
- Refrigerator
- Other
Exterior Features
- Mature Trees
- Other
Floors
- Wood
- Vinyl
Foundation
- Other
Roof
- Other
Miscellaneous
- Net operating income: $65,116
- Unit 1 rent: $1,500
- Unit 2 rent: $1,200
- Unit 3 rent: $1,200
- Unit 4 rent: $1,600
- Unit 5 rent: $1,300
- Unit 6 rent: $1,200
- 5% vacancy rate
- Annual operating expense: $35,597
- Gross annual income: $105,000
- Taxes
- Insurance
- Maintenance
- Management
- 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
Lot
- Lot size: 0.27
Schools
- School district: San Antonio I.s.d.
- Elementary school: Call District
- Middle school: Call District
- High school: Call District
Cooling
- Multi-Unit Central
Heating
- Natural Gas
- Central
Utilities
- Separate Electric
- Common Water
Taxes
- Total tax amount: $12,516