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$1,290,000
Est. payment /mo
8 Beds
4 Baths
3,014 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family (2-8 Units)
Listing Status Active
Purchase Type For Sale
Square Footage 3,014 sqft
Price per Sqft $428
Subdivision Monte Vista
MLS Listing ID 1908192
Style Two Story
Bedrooms 8
Full Baths 4
Year Built 1919
Annual Tax Amount $11,559
Lot Size 6,272 Sqft
Property Sub-Type Multi-Family (2-8 Units)
Property Description
Prime investment opportunity in the heart of San Antonio! 120 E Magnolia Ave is a fully stabilized fourplex generating strong cash flow with a projected Gross Scheduled Income of $139,200 per year. The property features two units (101 & 201) operating as Airbnb rentals with active 3-year city permits, each producing $3,800/month. Unit 102 is leased at $1,800/month, and Unit 202 has a projected market rent of $2,200/month. Total monthly income at stabilization is $11,600. Operating expenses are modest at just $18,763 annually, including insurance, taxes, water, internet, and landscaping, resulting in a Net Operating Income (NOI) of $120,436.29. At the current asking price of $1,290,000, the property delivers a cap rate of 9.34, making it a rare find for investors seeking immediate returns in a strong rental market. Located just minutes from downtown San Antonio, Pearl Brewery, Trinity University, and major employment centers, the property offers both long-term leasing and short-term rental upside. This combination of permitted Airbnb units, conventional rentals, and prime location ensures consistent cash flow and future appreciation potential. With all units either leased or stablelize at market rent, 120 E Magnolia Ave represents a turnkey, income-producing asset ideal for seasoned investors or those seeking to enter San Antonio's thriving multifamily and short-term rental market.
Location
State TX
County Bexar
Area 0900
Zoning R-4 CD
Direction E
Interior
Heating Central
Cooling One Central
Flooring Laminate
Exterior
Exterior Feature Siding
Garage Spaces 4.0
Roof Type Tile
Schools
Elementary Schools Cotton
Middle Schools Beacon Hill
High Schools Edison
School District San Antonio I.S.D.
Others
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
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Listed by Jair Gamiz • Uriah Real Estate Organization • (210) 618-6646
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