Property Map
Street View
Courtesy of JB Goodwin, REALTORS, Ricardo Valadez {attribution_contact}
Description
Welcome to 1911 Cincinnati, a prime investment property located between the desirable Woodlawn Lake neighborhood and St. Mary’s University. This multi-family listing boasts six units, making it a lucrative, value-add investment opportunity. While the property requires some TLC, its strategic location and potential for rental income make it an enticing venture for the savvy investor. The property is being sold in its current condition, allowing an investor the freedom to customize and upgrade according to their goals. Priced competitively to reflect the current condition and the potential for increased value, this property offers an attractive entry point for investors seeking to add a rewarding multi-unit project to their portfolio.
Property Details and Features
Listing
- 90 cumulative days on market
- 90 days on market
- Listing date: 2024-02-01 06:00:00
- Price per square foot: $112
Location
- County: Bexar
- Subdivision: Unknown
Bedrooms
- 1 bedroom in unit 1
- 1 bedroom in unit 2
- 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
- 1 full bathroom in unit 5
- 1 full bathroom in unit 6
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
Building
- 3,116 square feet
- 6 total units
- Approximate age: 94 years
- Built in 1930
- Builder: Unknown
- Oven/Stove
- Refrigerator
- Oven/Stove
- Refrigerator
- Oven/Stove
- Refrigerator
- Oven/Stove
- Refrigerator
- Washer Connection
- Dryer Connection
- Oven/Stove
- Refrigerator
- Oven/Stove
- Refrigerator
Exterior Features
- Not Applicable/None
- Wood
- Other
Floors
- Other
Foundation
- Slab
Roof
- Composition
Miscellaneous
- Net operating income: $18,502
- Unit 1 rent: $750
- Unit 2 rent: $750
- Unit 3 rent: $450
- Unit 4 rent: $750
- Unit 5 rent: $600
- Unit 6 rent: $600
- 100% vacancy rate
- Annual operating expense: $9,798
- Gross annual income: $28,300
- Taxes
- Insurance
- Maintenance
- Management
- All Utilities
- Equipment
- Other
Parking
- 1 parking space for unit 1
- Unit 1 parking type: Pad,Street
- 1 parking space for unit 2
- Unit 2 parking type: Pad,Street
- 1 parking space for unit 3
- Unit 3 parking type: Pad,Street
- 1 parking space for unit 4
- Unit 4 parking type: Pad,Street
- 1 parking space for unit 5
- Unit 5 parking type: Pad,Street
- 1 parking space for unit 6
- Unit 6 parking type: Pad,Street
Lot
- Lot size: 0.164
Property
- Zoning: C-2 NCD-8
Schools
- School district: San Antonio I.s.d.
- Elementary school: Fenwick
- Middle school: Fenwick
- High school: Jefferson
Cooling
- Window/Wall
Heating
- Electric
- Window Unit
Utilities
- Separate Electric
- Separate Gas
- Common Water
- City
Taxes
- Total tax amount: $4,067