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$389,000
Est. payment /mo
6 Beds
2 Baths
2,408 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family (2-8 Units)
Listing Status Active
Purchase Type For Sale
Square Footage 2,408 sqft
Price per Sqft $161
Subdivision Jefferson Terrace
MLS Listing ID 1997664
Style Two Story
Bedrooms 6
Full Baths 2
Year Built 1950
Annual Tax Amount $8,409
Lot Size 0.270 Acres
Property Sub-Type Multi-Family (2-8 Units)
Property Description
** TURNKEY DUPLEX * Cash-Flowing Day One * Zoned for 4 Units Investor-ready and producing income from day one. Preliminary plans for additional 2 units already drawn up and will convey. Two fully renovated 3-bed/1-bath units - 2,408 sq ft total - with **long-term tenants already in place**: * Unit A - $1,495/mo * Unit B - $1,400/mo * **Combined: $2,895/mo * $34,740 gross annual rent** Market comps support an immediate bump to **$3,000-$3,100/mo combined** with the next lease cycle - that's $36k-$37k gross with zero upgrade work needed. **Built 1950 * Comprehensively renovated 2021:** * 2021 roof, HVAC, siding, exterior + interior paint * 2021 LVP flooring throughout, modern cabinetry, updated countertops, new appliances * Washer/dryer hookups in BOTH units **Separate electric meters** (tenants pay their own - owner cash flow stays clean) * 1-car garage per unit + long driveway + ample street parking **The standout feature:** an **exclusive rooftop deck over the garage** with private staircase access - currently the upstairs unit's primary entrance and a major draw for premium tenants. **The hidden upside that makes this a deal:** Zoned **up to 4 units**. Plans included for a **second duplex behind the existing structure** - turning a $35k/yr property into a potential $70k+/yr asset on the same lot. **Operations couldn't be cleaner:** * Tenants treat the property like their own - they maintain the landscaping themselves * No deferred maintenance - every major system replaced in 2021 * Stable lease history, no vacancy gaps **Location wins:** * Walking distance to **Woodlawn Lake** * Heart of the **Deco District** - one of San Antonio's fastest-appreciating submarkets * Minutes to **Downtown San Antonio** * Quiet residential street with persistent rental demand **Bottom line:** Already producing, already updated, already tenanted - AND has a documented expansion path to nearly double the income on the same parcel. Rare 1031 / buy-and-hold combo. **Showings by appointment - serious buyers only.** Tenants on premises.
Location
State TX
County Bexar
Area 0800
Interior
Heating Central
Cooling Two Central
Flooring Ceramic Tile, Laminate
Exterior
Exterior Feature Siding
Garage Spaces 4.0
Roof Type Composition
Schools
Elementary Schools Madison
Middle Schools Longfellow
High Schools Jefferson
School District San Antonio I.S.D.
Others
Acceptable Financing Conventional, FHA, VA, Cash, Investors OK
Listing Terms Conventional, FHA, VA, Cash, Investors OK
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Listed by Heath Shepard • Keller Williams City-View • (808) 392-3032
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