$1,199,000
7
Units
Property Type
One Story
Status
Active
Price Type
Distressed
Year Built
1960
Neighborhood
Alamo Heights
Days on Website
35
Property Map
$1,199,000 – 1009 Townsend Ave, Alamo Heights, TX 78209
Street View
Courtesy of San Antonio Portfolio KW RE AH, Ann FitzGibbons {attribution_contact}
Description
Great investment opportunity in the heart of Alamo Heights on the corner of Cambridge Oval and Townsend. This 7 unit apartment complex is on .341 acres and is zoned multifamily over 4 units.
Property Details and Features
Listing
- 34 cumulative days on market
- 34 days on market
- Listing date: 2024-03-27 05:00:00
- Price per square foot: $157
Location
- County: Bexar
- Subdivision: Alamo Heights
Bedrooms
- 1 bedroom in unit 1
- 1 bedroom in unit 2
- 1 bedroom in unit 3
- 1 bedroom in unit 4
- 1 bedroom in unit 5
- 1 bedroom in unit 6
- 3 bedrooms in unit 7
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
- 1 full bathroom in unit 5
- 1 full bathroom in unit 6
- 2 full bathrooms in unit 7
Accessibility Features
- Unit 1 disability access: No
- Unit 2 disability access: No
- Unit 3 disability access: No
- Unit 4 disability access: No
- Unit 5 disability access: No
- Unit 6 disability access: No
- Unit 7 disability access: No
Building
- 7,636 square feet
- 7 total units
- Approximate age: 64 years
- Built in 1960
- Builder: Unknown
- Not Applicable
- Not Applicable
- Not Applicable
- Not Applicable
- Not Applicable
- Not Applicable
- Not Applicable
Exterior Features
- Neighborhood Pool
- Wood
Floors
- Carpeting
Roof
- Flat
Miscellaneous
- Net operating income: $35,470
- Unit 1 rent: $800
- Unit 2 rent: $760
- Unit 3 rent: $760
- Unit 4 rent: $760
- Unit 5 rent: $760
- Unit 6 rent: $760
- Unit 7 rent: $1,400
- 10% vacancy rate
- Annual operating expense: $28,850
- Gross annual income: $64,320
- Taxes
- Insurance
- Maintenance
Parking
- 1 parking space for unit 1
- Unit 1 parking type: Carport
- 1 parking space for unit 2
- Unit 2 parking type: Carport
- 1 parking space for unit 3
- Unit 3 parking type: Carport
- 1 parking space for unit 4
- Unit 4 parking type: Carport
- 1 parking space for unit 5
- Unit 5 parking type: Carport
- 1 parking space for unit 6
- Unit 6 parking type: Carport,Pad
- 1 parking space for unit 7
- Unit 7 parking type: Carport,Pad
Lot
- Lot size: 0.341
Property
- Zoning: MF OVER 4 UNITS
Schools
- School district: Alamo Heights I.s.d.
- Elementary school: Cambridge
- Middle school: Alamo Heights
- High school: Alamo Heights
Cooling
- Multi-Unit Central
Heating
- Electric
- Natural Gas
- 1 Unit
Utilities
- Separate Electric
- Separate Gas
- Common Water
Taxes
- Total tax amount: $21,850