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Crystal Meyer

redheadedrealtor210@gmail.com +1(210) 504-8272

$795,000

Est. payment - /mo

8 Beds

8 Baths

5,510 SqFt

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Key Details

Property Type Multi-Family

Sub Type Multi-Family (2-8 Units)

Listing Status Active

Purchase Type For Sale

Square Footage 5,510 sqft

Price per Sqft $144

Subdivision S Durango/Probandt

MLS Listing ID 1926651

Style One Story

Bedrooms 8

Full Baths 8

Construction Status Pre-Owned

Year Built 1949

Annual Tax Amount $17,852

Lot Size 9,626 Sqft

Property Sub-Type Multi-Family (2-8 Units)

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

Construction Status Pre-Owned

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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LERA MLS - Local Expertise Regional Access / SABOR

Listed by Arthur Sable • Keller Williams Legacy • (210) 986-1165

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Crystal Meyer

+1(210) 504-8272

Agent License ID: 802261

119 Bank San Antonio, TX 78204

Crystal Meyer

Key Details

Location

Interior

Exterior

Building

Schools

Others

Schools and Properties Nearby

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119 Bank