Property Type One Story
Status Active Option
Price Type
Distressed
Year Built 1986
Neighborhood Pasadena Heights
Days on Website 6

Property Map

$180,000 – 3442 Gateway Dr, San Antonio, TX 78210

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

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