Property Map
Street View
Courtesy of Keller Williams City-View, Danny Charbel {attribution_contact}
Description
Unlock the potential of Tobin Hill’s real estate with this strategically located four-unit property. Situated on a premier street, it offers immediate access to the thriving St. Mary’s strip. The 0.26-acre lot, zoned for up to 8 units, provides substantial expansion possibilities. Comprising three 1-bedroom, 1-bathroom units and one 2-bedroom, 1-bathroom unit, the building caters to a diverse tenant base. Modern upgrades include central HVAC units, separately metered utilities, plumbing updates, gas water heaters, pier & beam foundation corrections, and spray foam insulation for efficiency. Rear access via a through-street/alley enhances convenience. An on-site laundry room adds practicality. Capitalize on Tobin Hill’s resurgence and elevate your portfolio with this solid investment.
Property Details and Features
Listing
- 104 cumulative days on market
- 104 days on market
- Listing date: 2024-01-22 06:00:00
- Price per square foot: $266
Location
- County: Bexar
- Subdivision: TOBIN HILL
Bedrooms
- 1 bedroom in unit 1
- 1 bedroom in unit 2
- 1 bedroom in unit 3
- 2 bedrooms in unit 4
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
Accessibility Features
- Unit 1 disability access: No
- Unit 2 disability access: No
- Unit 3 disability access: No
- Unit 4 disability access: No
Building
- 2,442 square feet
- 4 total units
- Approximate age: 94 years
- Built in 1930
- Builder: Unknown
- Oven/Stove
- Refrigerator
- Oven/Stove
- Refrigerator
- Oven/Stove
- Refrigerator
- Oven/Stove
- Refrigerator
Exterior Features
- Has Gutters
- Mature Trees
- Wood
Floors
- Wood
Roof
- Composition
Miscellaneous
- Net operating income: $56,511
- Unit 1 rent: $1,800
- Unit 2 rent: $1,800
- Unit 3 rent: $1,800
- Unit 4 rent: $1,800
- 10% vacancy rate
- Annual operating expense: $30,429
- Gross annual income: $86,941
- Taxes
- Insurance
- Maintenance
- Management
- Licenses/Permits
- All Utilities
Parking
- 1 parking space for unit 1
- Unit 1 parking type: Pad
- 1 parking space for unit 2
- Unit 2 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
Lot
- Lot size: 0.264
Property
- Zoning: MF-33
Schools
- School district: San Antonio I.s.d.
- Elementary school: Call District
- Middle school: Call District
- High school: Call District
Cooling
- Three+ Central
Heating
- Natural Gas
- Central
- 3+ Units
Energy Saving
- 13-15 SEER AX
- Programmable Thermostat
- Foam Insulation
- Ceiling Fans
Utilities
- Separate Electric
- Separate Gas
- Common Water
Taxes
- Total tax amount: $10,045