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Est. payment /mo
8 Beds
8 Baths
5,510 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type One Story
Listing Status Active
Purchase Type For Sale
Square Footage 5,510 sqft
MLS Listing ID 1926651
Style One Story
Bedrooms 8
Full Baths 8
Year Built 1949
Annual Tax Amount $17,852
Lot Size 9,626 Sqft
Acres 0.221
Property Sub-Type One Story
Property Description
FULLY OCCUPIED | 11 UNITS | $11,745/MO SCHEDULED RENT | $140,940 ANNUAL SCHEDULED RENT | $91,716 ANNUALIZED NOI | APPROX. 11.5 CAP RATE AT $795K LIST PRICE. Rare income-producing investment opportunity in San Antonio's Lone Star/Southtown corridor near Downtown. This multi-building rental property offers strong in-place cash flow with a diversified unit mix consisting of efficiencies, 1-bedroom apartments, a 3-bedroom/1-bath residence and a two-story co-living/rent-by-room component with 7 rentable bedrooms. CURRENTLY FULLY OCCUPIED with income already in place. The rear building consists of 6 units: three 1-bedroom apartments and three efficiencies. The middle courtyard row includes 3 additional units: two efficiencies and one 1-bedroom. The front portion includes the 3-bedroom/1-bath residence and the two-story co-living house. A central courtyard connects the multi-building property. INVESTOR HIGHLIGHTS: Strong in-place occupancy and cash flow; diversified rental income; established tenant base; and potential for continued operational and rental-income upside. Convenient access to Downtown, Southtown, employment centers, dining, entertainment and major transportation corridors. Investor financial package, current rent roll and operating expense summary available in MLS documents. Buyer to independently verify all financial, zoning, property and operating information.
Location
State TX
County Bexar
Area 1100
Interior
Heating Window Unit
Cooling Window/Wall
Flooring Ceramic Tile, Laminate
Exterior
Exterior Feature Siding
Garage Spaces 7.0
Roof Type Composition
Building
Foundation Slab
Schools
Elementary Schools Briscoe
Middle Schools Harris
High Schools Burbank
School District San Antonio I.S.D.
Others
Acceptable Financing Cash, Investors OK
Listing Terms Cash, Investors OK
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Listed by Arthur Sable • Keller Williams Legacy • (210) 986-1165
Nearby Locations