$1,995,000
16
Units
Property Type
Two Story
Status
Pending
Price Type
Distressed
Year Built
1945
Neighborhood
University Park Apartments
Days on Website
42
Property Map
$1,995,000 – 2331 Cincinnati Ave, San Antonio, TX 78228
Street View
Courtesy of Lockwood Realty Group, LLC, Miguel Ancira {attribution_contact}
Description
LOCATION, LOCATION, LOCATION!!! Amazing opportunity to acquire an income producing property in the heart of central Texas. Two blocks from St. Mary’s University, there is only upside to this asset with ample space to build another two buildings for commercial or residential space with blueprints at hand. Schedule a tour before this deal is taken off market.
Property Details and Features
Listing
- 35 cumulative days on market
- 35 days on market
- Listing date: 2024-10-09 05:00:00
- Price per square foot: $291
Location
- County: Bexar
- Subdivision: University Park Apartments
Bedrooms
- 2 bedrooms in unit 1
- 2 bedrooms in unit 2
- 2 bedrooms in unit 3
- 2 bedrooms in unit 4
- 1 bedroom in unit 5
- 2 bedrooms in unit 6
- 2 bedrooms in unit 7
- 2 bedrooms in unit 8
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
- 1 full bathroom in unit 8
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: Yes
- Unit 6 disability access: No
- Unit 7 disability access: No
- Unit 8 disability access: No
Building
- 6,864 square feet
- 16 total units
- Approximate age: 79 years
- Built in 1945
- Builder: N/a
- Oven/Stove
- Refrigerator
- Oven/Stove
- Refrigerator
- Oven/Stove
- Refrigerator
- Oven/Stove
- Refrigerator
- Oven/Stove
- Refrigerator
- Oven/Stove
- Refrigerator
- Oven/Stove
- Refrigerator
Exterior Features
- Not Applicable/None
- Brick
Floors
- Wood
Roof
- Flat
Miscellaneous
- Net operating income: $66,000
- Unit 1 rent: $1,400
- Unit 2 rent: $1,300
- Unit 3 rent: $1,150
- Unit 4 rent: $1,200
- Unit 5 rent: $1,200
- Unit 6 rent: $1,200
- Unit 7 rent: $1,000
- Unit 8 rent: $1,300
- 10% vacancy rate
- Annual operating expense: $174,000
- Gross annual income: $240,000
- Taxes
- Insurance
- Maintenance
- Management
- All Utilities
Parking
- 1 parking space for unit 1
- Unit 1 parking type: Street
- 1 parking space for unit 2
- Unit 2 parking type: Street
- 1 parking space for unit 3
- Unit 3 parking type: Street
- 1 parking space for unit 4
- Unit 4 parking type: Street
- 1 parking space for unit 5
- Unit 5 parking type: Street
- 1 parking space for unit 6
- Unit 6 parking type: Street
- 1 parking space for unit 7
- Unit 7 parking type: Street
- 1 parking space for unit 8
- Unit 8 parking type: Street
Lot
- Lot size: 1
Property
- Zoning: MF-33
Schools
- School district: San Antonio I.s.d.
- Elementary school: Madison
- Middle school: Longfellow
- High school: Jefferson
Cooling
- Multi-Unit Central
Heating
- Electric
- Central
- Other
Utilities
- Separate Electric
- Separate Gas
- Common Water
- City
- Gas utility supplier: CPS
- Electric utility supplier: CPS
- Garbage utility supplier: TIGER
- Water utility supplier: SAWS
- Sewer utility supplier: SAWS
Taxes
- Total tax amount: $45,044