Property Type Two Story
Status Active Option
Price Type
Distressed
Year Built 1935
Neighborhood Mahncke Park
Days on Website 64

Property Map

$798,000 – 422 Pershing Ave, San Antonio, TX 78209

Street View

Courtesy of Real, Kelly Glass {attribution_contact}

Description

Situated in the desirable Mahncke Park subdivision, nestled between the San Antonio Country Club and the Botanical Gardens, this 4-Plex property is an instant money maker, boasting proximity to popular attractions like the DoSeum, San Antonio Zoo, Universities and Hospitals, ensuring high demand from both short-term and long-term renters. The property comprises a front duplex with two fully furnished 2-bedroom units (Units A and B), blending the charm of a 1930s home mixed with recent modern finishes and decor, appealing to a wide range of tenants with a proven track record and great reviews on Airbnb/VRBO. Unit C, a 1-bedroom, 1 bath garage apartment features a long-term tenant, offering stability and consistent rental income. Additionally, a recently updated detached studio unit provides flexibility for various rental strategies, very popular amongst travel nurses and college students. Enjoy the convenience of a detached garage with 2 large locking storage bays and a full laundry room equipped with multiple washers and dryers, enhancing tenant satisfaction and retention. The owner has spared no expense in updating essential components such as roof (2019), 3 tankless water heaters (2022), 8 ductless mini-split HVAC systems, foundation (2022), and gutters (2023), ensuring minimal maintenance hassles for the new owner .Whether you’re looking for an investment opportunity or seeking a place to call home while generating rental income, this four-plex offers the perfect blend of charm, convenience, and income potential. Don’t miss out on this rare find in one of San Antonio’s most sought-after neighborhoods.

Property Details and Features

Listing

  • 63 cumulative days on market
  • 63 days on market
  • Listing date: 2024-03-05 06:00:00
  • Price per square foot: $249

Location

  • County: Bexar
  • Subdivision: Mahncke Park

Bedrooms

  • 2 bedrooms in unit 1
  • 2 bedrooms in unit 2
  • 1 bedroom in unit 3
  • 1 bedroom in unit 4

Bathrooms

  • 1 full bathroom in unit 1
  • 1 half bathroom in unit 1
  • 1 full bathroom in unit 2
  • 1 half 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

  • 3,205 square feet
  • 4 total units
  • Approximate age: 89 years
  • Built in 1935
  • Builder: Unknown
  • Furnished
  • Oven/Stove
  • Dishwasher
  • Refrigerator
  • Window Coverings
  • Furnished
  • Oven/Stove
  • Dishwasher
  • Refrigerator
  • Security System
  • Window Coverings
  • Oven/Stove
  • Dishwasher
  • Refrigerator
  • Window Coverings
  • Oven/Stove
  • Refrigerator
  • Window Coverings

Exterior Features

  • Covered Patio
  • Has Gutters
  • Mature Trees
  • Detached Quarters
  • Storm Doors
  • Garage Apartment
  • Level
  • Siding

Floors

  • Ceramic Tile
  • Wood
  • Vinyl

Roof

  • Composition

Miscellaneous

  • Net operating income: $61,801
  • Unit 1 rent: $2,500
  • Unit 2 rent: $2,500
  • Unit 3 rent: $1,270
  • Unit 4 rent: $990
  • 17% vacancy rate
  • Annual operating expense: $29,649
  • Gross annual income: $91,450
  • Taxes
  • Insurance
  • Maintenance
  • Management
  • Licenses/Permits
  • All Utilities
  • Other

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: 0.224

Property

  • Zoning: R-4 CD NCD-6

Schools

  • School district: San Antonio I.s.d.
  • Elementary school: Lamar
  • Middle school: Hawthorne Academy
  • High school: Edison

Cooling

  • Other

Heating

  • Electric
  • Natural Gas
  • Other

Energy Saving

  • Tankless Water Heater

Utilities

  • Separate Electric
  • Separate Gas
  • Common Water
  • City
  • Gas utility supplier: CPS
  • Electric utility supplier: CPS
  • Garbage utility supplier: City of San
  • Water utility supplier: SAWS
  • Sewer utility supplier: SAWS

Taxes

  • Total tax amount: $15,807

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