Property Map
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