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Courtesy of Kuper Sotheby’s Int’l Realty, Cristina Tomlinson {attribution_contact}
Description
Discover an exceptional investment opportunity at 120 E. Magnolia Avenue! This four-unit property combines the timeless charm of a historic building with the modern convenience of a 2023 rebuild featuring high-quality design and top-tier finishes. Fully furnished and equipped with all appliances. Located in the heart of San Antonio’s vibrant Monte Vista neighborhood, just minutes from downtown and prestigious Olmos Park, this property offers unparalleled access to the city’s major attractions, dining hotspots, and cultural landmarks. Its prime location ensures a perfect balance of convenience and character, making it highly appealing to tenants. Investors will love the seamless blend of historic architecture and modern upgrades, designed to minimize maintenance while maximizing tenant demand. Whether you’re looking to expand your portfolio or capitalize on San Antonio’s thriving market, 120 E. Magnolia Avenue presents a rare opportunity to own a piece of the city’s history. Don’t miss out-schedule your showing today and secure this one-of-a-kind investment!
Property Details and Features
Listing
- 67 cumulative days on market
- 67 days on market
- Listing date: 2024-12-16 06:00:00
- Price per square foot: $448
Location
- County: Bexar
- Subdivision: MONTE VISTA
Bedrooms
- 2 bedrooms in unit 1
- 2 bedrooms in unit 2
- 2 bedrooms in unit 3
- 2 bedrooms in unit 4
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
Accessibility Features
- Unit 1 disability access: No
- Unit 2 disability access: No
- Unit 3 disability access: No
- Unit 4 disability access: No
Building
- 3,014 square feet
- 4 total units
- Approximate age: 105 years
- Built in 1919
- Builder: Unknow
- Furnished
- Oven/Stove
- Dishwasher
- Refrigerator
- Washer
- Dryer
- Stacked Washer/Dryer
- Security System
- Window Coverings
- Furnished
- Oven/Stove
- Disposal
- Dishwasher
- Refrigerator
- Stacked Washer/Dryer
- Washer Connection
- Dryer Connection
- Security System
- Window Coverings
- Furnished
- Oven/Stove
- Dishwasher
- Refrigerator
- Stacked Washer/Dryer
- Security System
- Window Coverings
- Other
- Furnished
- Oven/Stove
- Refrigerator
- Stacked Washer/Dryer
- Stacked Wsh/Dry Connect
- Window Coverings
- Other
Exterior Features
- Not Applicable/None
- 4 Sides Masonry
- Wood
- Stucco
- Siding
Floors
- Ceramic Tile
- Laminate
Roof
- Composition
Miscellaneous
- Net operating income: $80,000
- Unit 1 rent: $3,000
- Unit 2 rent: $1,800
- Unit 3 rent: $1,800
- Unit 4 rent: $2,500
- 2% vacancy rate
- Annual operating expense: $30,000
- Gross annual income: $110,000
- Management
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
Lot
- Lot size: 0.144
Schools
- School district: San Antonio I.s.d.
- Elementary school: Travis
- Middle school: Mark Twain
- High school: Edison
Cooling
- One Central
Heating
- Electric
- Central
Utilities
- Separate Electric
Taxes
- Total tax amount: $11,197