Property Map
Street View
Courtesy of Coldwell Banker D’Ann Harper, Mayra Torres {attribution_contact}
Description
Welcome to a rare investment opportunity in the heart of San Antonio, Texas! This impressive 10-unit multifamily property, spanning 5,510 square feet, is strategically situated on a spacious 0.22-acre lot, just off Interstate 10 East. Nestled within close proximity to downtown San Antonio, this property offers a superb blend of convenience, accessibility, and potential for savvy investors. Prime Location: This multifamily property boasts an exceptional location, mere minutes away from the vibrant cultural, dining, and entertainment scene of downtown San Antonio. With easy access to Interstate 10, residents enjoy quick commutes to work, schools, and popular attractions.Diverse Investment: Featuring 10 separate units, this property offers diverse rental income streams, making it an ideal investment for both seasoned investors and those looking to enter the multifamily real estate market.Spacious Lot: Situated on a generous 0.22-acre lot, there is ample space for residents to relax, play, or gather outdoors. It also presents potential for future development or enhancements, such as additional amenities.Well-Maintained: The property has been meticulously maintained, ensuring tenants’ comfort and satisfaction. A well-cared-for property contributes to tenant retention and minimizes maintenance costs.Income Potential: San Antonio’s growing demand for housing, coupled with its thriving economy, provides a promising income potential for investors. This multifamily property is poised to capitalize on the strong rental market.Local Amenities: Residents can enjoy the convenience of nearby shopping centers, schools, parks, and public transportation options, making it an attractive choice for renters seeking a balanced urban lifestyle. Investment Growth: San Antonio’s real estate market continues to show resilience and growth, making this property an attractive investment opportunity with long-term potential for appreciation. Don’t miss out on this exceptional opportunity to own a 10-unit multifamily property in a prime San Antonio location. Whether you’re an experienced investor or new to real estate, this property promises both immediate rental income and the potential for substantial appreciation. Contact us today to schedule a viewing and explore the possibilities of this remarkable investment property.
Property Details and Features
Listing
- 191 cumulative days on market
- 191 days on market
- Listing date: 2023-10-06 05:00:00
Location
- County: Bexar
- Subdivision: S DURANGO/PROBANDT
Bedrooms
- 1 bedroom in unit 1
- 1 bedroom in unit 3
- 1 bedroom in unit 4
- 1 bedroom in unit 6
- 1 bedroom in unit 7
- 1 bedroom in unit 8
Bathrooms
- 1 full bathroom in unit 1
- 1 full bathroom in unit 3
- 1 full bathroom in unit 4
- 1 full bathroom in unit 6
- 1 full bathroom in unit 7
- 1 full bathroom in unit 8
Accessibility Features
- Unit 1 disability access: No
- Unit 3 disability access: No
- Unit 4 disability access: No
- Unit 6 disability access: No
- Unit 7 disability access: No
- Unit 8 disability access: No
Building
- 11 total units
- Approximate age: 78 years
- Built in 1945
- Builder: Unknown
- Refrigerator
- Refrigerator
- Refrigerator
- Refrigerator
- Refrigerator
Exterior Features
- Stucco
Floors
- Ceramic Tile
Foundation
- Slab
Roof
- Composition
Miscellaneous
- Net operating income: $72,331
- Unit 1 rent: $750
- Unit 3 rent: $685
- Unit 4 rent: $785
- Unit 6 rent: $685
- Unit 7 rent: $895
- Unit 8 rent: $800
- 20% vacancy rate
- Annual operating expense: $29,000
- Gross annual income: $100,440
- Taxes
- Insurance
- All Utilities
Parking
- 1 parking space for unit 1
- Unit 1 parking type: Pad
- 1 parking space for unit 3
- Unit 3 parking type: Pad
- 1 parking space for unit 4
- Unit 4 parking type: Pad
- 1 parking space for unit 6
- Unit 6 parking type: Pad
- 1 parking space for unit 7
- Unit 7 parking type: Street
- 1 parking space for unit 8
- Unit 8 parking type: Street
Lot
- Lot size: 0.22
Schools
- School district: San Antonio I.s.d.
- Elementary school: Briscoe
- Middle school: Harris
- High school: Burbank
Cooling
- Window/Wall
Heating
- Electric
- Natural Gas
- Other
Utilities
- Common Water
- Common Electric
- City
Taxes
- Total tax amount: $16,951