Property Type Two Story
Status Active
Price Type
Distressed
Year Built 2023
Neighborhood Cupples/zarzamora
Days on Website 162

Property Map

$539,000 – 1522 S Elmendorf St, San Antonio, TX 78207

Street View

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

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