Property Map
Street View
Courtesy of RE/MAX Preferred, REALTORS, Cheryl Nichols {attribution_contact}
Description
OWNER FINANCING AVAILABLE! When OPPORTUNITY knocks, you should answer! 148 and 150 Elizabeth Road offer a unique investment OPPORTUNITY in the heart of Alamo Heights! 148 Elizabeth is a four-plex featuring 4,887 Square Feet. It includes a detached 4-car car port with storage lockers, a common use laundry room and a utility/storage room. All apartments have 2 bedrooms and one bathroom, with central heat and air. Original wood floors have wall to wall carpeting or vinyl wood flooring. Kitchens have tile counters and all appliances. In 2021, all windows were replaced with energy efficient, tilt-in windows. In 2013, the roof was replaced with 30 year asphalt shingles. 148 Elizabeth #1 – FULLY FURNISHED open floor plan w/ spacious living area & dining! Kitchen w/ smooth cooktop range, refrigerator, dishwasher, microwave & HUGE walk-in pantry! Master features walk-in closet & study w/ access to backyard! Large secondary bedroom! Remodeled bathroom with updated vanity! Extremely well maintained by owner! TONS of storage! Perfect for a short term rental! The other THREE apartments have CHARM TO SPARE! Open floor plan w/ spacious living area (including storage closet) & dining! Kitchen w/ gas cooking, refrigerator, dishwasher & HUGE walk-in pantry! Primary bedroom features walk-in closet w/ built-ins! Large secondary bedroom! Unit is on second floor. 150 Elizabeth is a 1,748 SF Two Story Townhouse on the same property and is PERFECT for roommates or can be rented out as two separate apartments! The TWO levels have TWO kitchens, TWO masters, TWO living areas…ONE great house! Built in 1970 and has been completely remodeled! It includes two single covered car ports, a fenced back yard, and a front courtyard with a private first floor entrance. First floor w/ kitchen features sleek black appliances, GRANITE counters, bright white cabinets, smooth cooktop, built-in oven, pantry & breakfast area! Spacious family room! Large primary suite w/ outside access, a HUGE closet and updated bath! Second floor features PORCELAIN TILE floors, a kitchen w/ GAS cooking, breakfast bar, maple cabinets & plenty of storage, a spacious living area, and a primary bedroom w/ TWO closets! Utility room w/ stacked washer & dryer! Private entrance and outdoor deck at the backyard! Both floors are connected with an interior stairwell. 150 Elizabether includes a TPO Roof replacement and full floor renovations that included new electrical and A/C.
Property Details and Features
Listing
- 25 cumulative days on market
- 25 days on market
- Listing date: 2024-04-05 05:00:00
- Price per square foot: $196
Location
- County: Bexar
- Subdivision: ALAMO HEIGHTS
Bedrooms
- 2 bedrooms in unit 1
- 2 bedrooms in unit 2
- 2 bedrooms in unit 3
- 2 bedrooms in unit 4
- 1 bedroom in unit 5
- 1 bedroom in unit 6
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
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: Yes
- Unit 6 disability access: No
- Ext Door Opening 36+
- Entry Slope less than 1 foot
- Grab Bars in Bathroom(s)
- Near Bus Line
- Level Lot
- Level Drive
- First Floor Bath
- First Floor Bedroom
Building
- 6,635 square feet
- 6 total units
- Approximate age: 64 years
- Built in 1960
- Builder: Unknown
- Furnished
- Oven/Stove
- Disposal
- Dishwasher
- Refrigerator
- Window Coverings
- Oven/Stove
- Disposal
- Dishwasher
- Refrigerator
- Window Coverings
- Oven/Stove
- Disposal
- Dishwasher
- Refrigerator
- Window Coverings
- Oven/Stove
- Disposal
- Dishwasher
- Refrigerator
- Window Coverings
- Oven/Stove
- Disposal
- Dishwasher
- Refrigerator
- Stacked Washer/Dryer
- Stacked Wsh/Dry Connect
- Window Coverings
- Oven/Stove
- Disposal
- Dishwasher
- Refrigerator
- Washer
- Dryer
- Stacked Washer/Dryer
- Stacked Wsh/Dry Connect
- Window Coverings
Exterior Features
- Double Pane Windows
- Mature Trees
- Detached Quarters
- Cable TV Available
- Common Utility Room
- Mature Trees (ext feat)
- Level
- Brick
- 4 Sides Masonry
Floors
- Carpeting
- Ceramic Tile
- Wood
- Laminate
Foundation
- Slab
Roof
- Composition
Miscellaneous
- Net operating income: $52,446
- Unit 1 rent: $1,200
- Unit 2 rent: $1,150
- Unit 3 rent: $1,060
- Unit 4 rent: $1,150
- Unit 5 rent: $1,200
- Unit 6 rent: $1,200
- 5% vacancy rate
- Annual operating expense: $23,894
- Gross annual income: $76,321
- City Bus
- Taxes
- Insurance
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
Lot
- Lot size: 0.344
Property
- Zoning: OCL
Schools
- School district: Alamo Heights I.s.d.
- Elementary school: Cambridge
- Middle school: Alamo Heights
- High school: Alamo Heights
Cooling
- Unit Central
Heating
- Natural Gas
- Central
- 3+ Units
Energy Saving
- Programmable Thermostat
- Double Pane Windows
- Low E Windows
- Ceiling Fans
- Drought Tolerant Plants
- Low Flow Commode
Utilities
- Separate Electric
- Separate Gas
- Gas utility supplier: CPS
- Electric utility supplier: CPS
- Water utility supplier: SAWS
- Sewer utility supplier: SAWS
Taxes
- Total tax amount: $18,208