Property Map
Street View
Courtesy of Team Price Real Estate, Kelly Siegler {attribution_contact}
Description
Own a multifamily asset located in a desirable rental market. 541 Hammond Avenue is an 8-unit complex in the heart of Highland Park. Each unit is currently fully occupied and professionally managed. Tenants appreciate the available onsite parking and a shared common area courtyard for enjoyment. This investment property sits in the classic San Antonio neighborhood of Highland Park. Tenants are within walking distance of an elementary school, church, restaurants, and various amenities. Located just minutes away from downtown San Antonio and its vibrant attractions, makes this property an even more enticing investment. With the desirable location close to HWY 90 and 281 it is perfect for commuters and provides convenient transportation for tenants. Buy now, and own a generously sized lot, giving you plenty of potential for expansion, enabling you to increase your investment and rental income. An offering memorandum is available upon request, providing comprehensive financial information, lease agreements, security deposit leger, and rent roll history.
Property Details and Features
Listing
- 137 cumulative days on market
- 137 days on market
- Listing date: 2023-12-20 06:00:00
- Price per square foot: $115
Location
- County: Bexar
- Subdivision: Highland Park
Bedrooms
- 1 bedroom in unit 1
- 1 bedroom in unit 2
- 1 bedroom in unit 3
- 1 bedroom in unit 4
- 2 bedrooms in unit 5
- 1 bedroom in unit 6
- 2 bedrooms in unit 7
- 2 bedrooms in unit 8
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
- 1 full bathroom in unit 7
- 1 full bathroom in unit 8
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
- Unit 8 disability access: No
- First Floor Bedroom
Building
- 5,650 square feet
- 8 total units
- Approximate age: 94 years
- Built in 1929
- Builder: None
- Oven/Stove
- Refrigerator
- Oven/Stove
- Refrigerator
- Oven/Stove
- Refrigerator
- Oven/Stove
- Refrigerator
- Oven/Stove
- Refrigerator
- Oven/Stove
- Refrigerator
- Oven/Stove
- Refrigerator
Exterior Features
- Not Applicable/None
- Siding
Floors
- Vinyl
Roof
- Composition
Miscellaneous
- Net operating income: $6,783
- Unit 1 rent: $575
- Unit 2 rent: $610
- Unit 3 rent: $795
- Unit 4 rent: $625
- Unit 5 rent: $750
- Unit 6 rent: $695
- Unit 7 rent: $750
- Unit 8 rent: $695
- 0% vacancy rate
- Annual operating expense: $27,707
- Gross annual income: $34,490
- Maintenance
- Management
- All Utilities
Parking
- 1 parking space for unit 1
- Unit 1 parking type: Street
- 1 parking space for unit 2
- Unit 2 parking type: Street
- 1 parking space for unit 3
- Unit 3 parking type: Street
- 1 parking space for unit 4
- Unit 4 parking type: Street
- 1 parking space for unit 5
- Unit 5 parking type: Street
- 1 parking space for unit 6
- Unit 6 parking type: Street
- 1 parking space for unit 7
- Unit 7 parking type: Street
- 1 parking space for unit 8
- Unit 8 parking type: Street
Schools
- School district: San Antonio I.s.d.
- Elementary school: Highland Park
- Middle school: Page Middle
- High school: Highlands
Cooling
- Window/Wall
Heating
- Electric
- Other
Utilities
- Separate Electric
- Common Water
Taxes
- Total tax amount: $12,090