Property Map
Street View
Courtesy of Keller Williams City-View, Brian Paris {attribution_contact}
Description
Investor’s Dream! Enjoy a smooth 13% cap rate with a 90% occupancy rate! – Step into an opportunity with this 2-unit rental property, equipped with a brand-new 2023 AC system for long-term efficiency and tenant satisfaction. Located in a thriving rental market, this property offers proximity to essential transit routes and local amenities. Key Features: AC System: Brand-new unit installed in 2023, reducing maintenance costs. Public Transit: Conveniently located near VIA bus routes, offering seamless access to major city destinations. Nearby Amenities: The property is close to local schools, retail centers, and recreational facilities, ensuring high tenant demand. Rental Market Insight: Priced 22% below the city’s median rent for similar properties, ensuring strong cash flow potential. This property is perfectly positioned for buy-and-hold investors seeking steady income or value-add opportunities. Schedule your showing today and capitalize on this well-located, low-maintenance investment!
Property Details and Features
Listing
- 5 cumulative days on market
- 5 days on market
- Listing date: 2024-11-15 06:00:00
- Price per square foot: $125
Location
- County: Bexar
- Subdivision: PASADENA HEIGHTS
Bedrooms
- 2 bedrooms in unit 1
- 2 bedrooms in unit 2
Bathrooms
- 1 full bathroom in unit 1
- 1 full bathroom in unit 2
Accessibility Features
- Unit 1 disability access: No
- Unit 2 disability access: No
- No Carpet
- No Steps Down
- Near Bus Line
- Level Lot
- No Stairs
- First Floor Bath
- First Floor Bedroom
Building
- 1,444 square feet
- 2 total units
- Approximate age: 38 years
- Built in 1986
- Builder: Unknown
- Oven/Stove
- Refrigerator
- Washer
- Dryer
- Washer Connection
- Dryer Connection
- Oven/Stove
- Refrigerator
- Washer
- Dryer
- Washer Connection
- Dryer Connection
- Window Coverings
Exterior Features
- Brick
- Siding
- Cement Fiber
Floors
- Ceramic Tile
Foundation
- Slab
Roof
- Composition
Miscellaneous
- Net operating income: $24,953
- Unit 1 rent: $1,050
- Unit 2 rent: $1,050
- 90% vacancy rate
- Annual operating expense: $6,433
- Gross annual income: $31,386
- City Bus
- Taxes
- Insurance
Parking
- 1 parking space for unit 1
- Unit 1 parking type: Pad
- 1 parking space for unit 2
- Unit 2 parking type: Pad
Lot
- Lot size: 0.3
Schools
- School district: San Antonio I.s.d.
- Elementary school: Stewart
- Middle school: Not Applicable
- High school: Highlands
Cooling
- One Central
Heating
- Electric
- Central
Utilities
- Separate Electric
- Separate Water
- Electric utility supplier: CPS
- Garbage utility supplier: City
- Water utility supplier: SAWS
- Sewer utility supplier: SAWS
Taxes
- Total tax amount: $4,433