$4,200,000
SqFt
0.89 Acre Lot
38,811 Sqft Lot
Price Type
Status Active
Property Type Apartments
Year Built 1923
Days on Website 266

Property Map

$4,200,000 – 1501 E Southcross Blvd, San Antonio, TX 78223

Street View

Courtesy of Keller Williams City-View, Federico Volkmer {attribution_contact}

Description

A not-to-be-missed investment opportunity. Discover this compelling investment option nestled in the up-and-coming San Antonio area-an ideal prospect for those looking to fortify their portfolio with a low-maintenance addition. This brand-new multi-family development is a must-see, featuring 28 units presenting 745 sq.ft. Layouts with two well-proportioned bedrooms and one bathroom. Experience contemporary living with open-plan and light-filled living spaces, perfectly tailored to modern lifestyles. Choose from two distinct floorplans offering well-equipped kitchens with ample storage and top-quality appliances. The convenience is further enhanced by central parking within the development. Additionally, relish the advantages of a central location, providing effortless access to all essential amenities for prospective tenants. Restaurants, schools, and shops are all within close proximity, adding to the allure of this easy-care investment opportunity in the up-and-coming San Antonio area. Seize the chance to enhance your portfolio with a property that combines practicality, style, and a prime location!

Property Details and Features

Listing

  • Listing date: 2024-01-15 06:00:00
  • 265 days on market
  • 265 cumulative days on market
  • $201 per square foot

Location

  • County: Bexar
  • Area: 1900

Building

  • Apartment is 745 square feet
  • Built in 1923
  • Approximate age: 101
  • Building/center name: SOUTHCROSS APARTMENTS
  • Wood
  • Stone
  • Rock/Stone Veneer
  • 4 Sides Masonry
  • 20,860 square feet
  • 3 stories
  • 1 building

Foundation

  • Slab

Roof

  • Composition

Interior Features

  • Ceiling height: 9

Cooling

  • Central
  • Individual Meters

Heating

  • Central
  • Individual Meters

Lot

  • Lot size: 0.891

Property

  • Zoning: MF-33

Schools

  • School district: San Antonio I.S.D.

Miscellaneous

  • Gross income: 412608.00
  • Net operating income: $279,184
  • Monthly lease: $1,100
  • Insurance: 9240.00
  • None
  • Forecast
  • None
  • No
  • None
  • Maintenance: 15120.00
  • 28 rentals
  • 46 parking spaces
  • 28 units
  • Other expense: 28224.00
  • Other tax: 720.48

Taxes

  • Total tax: $44,400
  • Annual tax: $44,400
  • City tax: $9,456
  • County tax: $4,953
  • $29,270 school tax
  • Property Tax ID: 080900000325

Utilities

  • Gas and electric: 2400.00
  • Electric utility supplier: CPS
  • Water utility supplier: SAWS
  • Sewer utility supplier: SAWS
  • Waste removal: 6.00
  • Electricity
  • Gas
  • Water
  • Cable TV

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