Property Map
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Courtesy of LPT Realty LLC, Marc Longoria {attribution_contact}
Description
NEWLY CONSTRUCTED TRIPLEX, FULLY OCCUPIED! All units are full and producing cashflow right now. Here is your opportunity to create cashflow for life. 8% cap rate (see attached flyer for more details). This triplex has just been built. Everything is new from the ground up! All 3 units have been leased long-term. Each apartment unit has 3 bedrooms (one down, two up) and 2 full baths (one down, one up). The interior hosts laminate flooring on the first floor, ceramic tile in the bathrooms, and carpet on the second floor. The exterior features a metal fence with double swinging gates, freshly laid sod, mature trees, and a carport to help protect vehicles on those sunny/rainy days. This property is located in a well-established westside neighborhood, within walking distance of parks featuring walking trails, picnic tables, a creek bed, basketball courts, and a swimming pool. This property is less than 10-minutes from downtown San Antonio, making it a great investment to buy and hold with long-term tenants, house hack, or mid or short-term rentals.
Property Details and Features
Listing
- 322 cumulative days on market
- 161 days on market
- Listing date: 2023-11-21 06:00:00
- Price per square foot: $161
Location
- County: Bexar
- Subdivision: CUPPLES/ZARZAMORA
Bedrooms
- 3 bedrooms in unit 1
- 3 bedrooms in unit 2
- 3 bedrooms in unit 3
Bathrooms
- 2 full bathrooms in unit 1
- 2 full bathrooms in unit 2
- 2 full bathrooms in unit 3
Accessibility Features
- Unit 1 disability access: No
- Unit 2 disability access: No
- Unit 3 disability access: No
Building
- 3,346 square feet
- 3 total units
- Approximate age: 1 year
- Built in 2023
- Builder: Meyer Miller Developers
- Oven/Stove
- Disposal
- Stacked Wsh/Dry Connect
- Oven/Stove
- Disposal
- Stacked Wsh/Dry Connect
- Oven/Stove
- Disposal
- Stacked Wsh/Dry Connect
Exterior Features
- Mature Trees
- Cable TV Available
- Level
- Siding
Floors
- Carpeting
- Ceramic Tile
- Laminate
Foundation
- Slab
Roof
- Composition
Miscellaneous
- Net operating income: $44,400
- Unit 1 rent: $1,350
- Unit 2 rent: $1,400
- Unit 3 rent: $1,400
- 5% vacancy rate
- Annual operating expense: $6,000
- Gross annual income: $50,400
- Taxes
Parking
- 1 parking space for unit 1
- Unit 1 parking type: Carport,Pad,Street
- 1 parking space for unit 2
- Unit 2 parking type: Carport,Pad,Street
- 1 parking space for unit 3
- Unit 3 parking type: Carport,Pad,Street
Lot
- Lot size: 0.109
Property
- Zoning: MF-33
Schools
- School district: San Antonio I.s.d.
- Elementary school: King
- Middle school: Rhodes
- High school: Lanier
Cooling
- Unit Central
Heating
- Electric
- Central
Utilities
- Separate Electric
- Common Water
- City
- Electric utility supplier: CPS
- Garbage utility supplier: CITY
- Water utility supplier: SAWS
- Sewer utility supplier: CITY
Taxes
- Total tax amount: $672