Property Map
Street View
Courtesy of Real, Dominique Jimenez {attribution_contact}
Description
This eightplex investment opportunity combines modern appeal with immediate income potential and a growing cap rate. With a portion of units already rented, investors can enjoy a stable cash flow from the outset. This multi-family property has undergone a comprehensive interior rehab, ensuring a turnkey investment with updated features. This strategic combination of modern amenities, partial tenancy, and recent renovations positions the property as an attractive, low-maintenance option for those seeking a lucrative and hassle-free investment in the real estate market. Prime location with no HOA offers great opportunity for investors looking to maximize returns, near shopping and restaurants, minutes from downtown San Antonio and Lackland AFB. Priced under market value to incentivize quick sale.
Property Details and Features
Listing
- 25 cumulative days on market
- 25 days on market
- Listing date: 2024-03-07 06:00:00
- Price per square foot: $188
Location
- County: Bexar
- Subdivision: HARLANDALE
Bedrooms
- 1 bedroom in unit 1
- 1 bedroom in unit 2
- 1 bedroom in unit 3
- 1 bedroom in unit 4
- 2 bedrooms in unit 5
- 2 bedrooms in unit 6
- 2 bedrooms in unit 7
- 2 bedrooms in unit 8
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
- 1 full bathroom in unit 7
- 1 full bathroom in unit 8
Accessibility Features
- Unit 1 disability access: Yes
- Unit 2 disability access: Yes
- Unit 3 disability access: Yes
- Unit 4 disability access: Yes
- Unit 5 disability access: No
- Unit 6 disability access: No
- Unit 7 disability access: No
- Unit 8 disability access: No
Building
- 4,032 square feet
- 8 total units
- Approximate age: 50 years
- Built in 1974
- Builder: Unk
- Oven/Stove
- Refrigerator
- Window Coverings
- Oven/Stove
- Refrigerator
- Window Coverings
- Oven/Stove
- Refrigerator
- Window Coverings
- Oven/Stove
- Refrigerator
- Window Coverings
- Oven/Stove
- Refrigerator
- Window Coverings
- Oven/Stove
- Refrigerator
- Window Coverings
- Oven/Stove
- Refrigerator
- Window Coverings
Exterior Features
- Mature Trees
- Cable TV Available
- Level
- Siding
Floors
- Vinyl
Foundation
- Slab
Roof
- Metal
Miscellaneous
- Net operating income: $40,848
- Unit 1 rent: $850
- Unit 2 rent: $850
- Unit 3 rent: $850
- Unit 4 rent: $850
- Unit 5 rent: $1,000
- Unit 6 rent: $1,000
- Unit 7 rent: $1,000
- Unit 8 rent: $1,000
- 50% vacancy rate
- Annual operating expense: $7,104
- Gross annual income: $88,800
- Taxes
- Insurance
- Maintenance
- Management
Parking
- 2 parking spaces for unit 1
- Unit 1 parking type: Pad
- 2 parking spaces for unit 2
- Unit 2 parking type: Pad
- 2 parking spaces for unit 3
- Unit 3 parking type: Pad
- 2 parking spaces for unit 4
- Unit 4 parking type: Pad
- 2 parking spaces for unit 5
- Unit 5 parking type: Pad
- 2 parking spaces for unit 6
- Unit 6 parking type: Pad
- 2 parking spaces for unit 7
- Unit 7 parking type: Pad
- 2 parking spaces for unit 8
- Unit 8 parking type: Pad
Lot
- Lot size: 0.161
Schools
- School district: South San Antonio.
- Elementary school: Southside Heritage
- Middle school: Dwight
- High school: Southside
Cooling
- Window/Wall
- 3+ Window/Wall
Heating
- Electric
- Window Unit
Utilities
- Separate Electric
- Separate Water
- City
- Electric utility supplier: CPS
- Water utility supplier: SAWS
- Sewer utility supplier: SAWS
Taxes
- Total tax amount: $8,848