Property Map
Street View
Courtesy of MODUS Real Estate, Phillip Chang {attribution_contact}
Description
Introducing a rare investment opportunity at 6427 Luglio Lane in San Antonio, Texas! This four-unit, newer 2021 construction multifamily property is perfectly situated in a desirable location supporting a large local workforce, offering both convenience and potential for excellent returns. Each townhome-style unit within this well-maintained property features three spacious bedrooms & two and a half bathrooms. The units are 1,324 sqft, each including an attached one-car garage & additional driveway spot, and a private fenced yard. Whether you’re looking to owner-occupy & generate rental income or maintain as fully leased and stabilized, this property offers versatility and potential. With easy access to downtown, premier shopping destinations and a popular children’s theme park, the neighborhood caters to diverse lifestyles and interests offers an ideal setting for both professionals and families. This prime location ensures high demand from tenants and long-term stability for your investment. With its attractive curb appeal and strong rental history, this multifamily property presents a fantastic opportunity for investors looking to expand their portfolio in the thriving San Antonio real estate market. Don’t miss out on this chance to own a profitable income-producing property in one of Texas’s fastest-growing cities. Reach out today!
Property Details and Features
Listing
- 50 cumulative days on market
- 50 days on market
- Listing date: 2024-03-12 05:00:00
- Price per square foot: $174
Location
- County: Bexar
- Subdivision: Summit at Lookout Enclave
Bedrooms
- 3 bedrooms in unit 1
- 3 bedrooms in unit 2
- 3 bedrooms in unit 3
- 3 bedrooms in unit 4
Bathrooms
- 2 full bathrooms in unit 1
- 1 half bathroom in unit 1
- 2 full bathrooms in unit 2
- 1 half bathroom in unit 2
- 2 full bathrooms in unit 3
- 1 half bathroom in unit 3
- 2 full bathrooms in unit 4
- 1 half 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
- 5,448 square feet
- 4 total units
- Approximate age: 3 years
- Built in 2021
- Builder: Leca Construction
- Oven/Stove
- Disposal
- Dishwasher
- Refrigerator
- Washer Connection
- Dryer Connection
- Oven/Stove
- Disposal
- Dishwasher
- Refrigerator
- Washer Connection
- Dryer Connection
- Oven/Stove
- Disposal
- Dishwasher
- Refrigerator
- Washer Connection
- Dryer Connection
- Oven/Stove
- Disposal
- Dishwasher
- Refrigerator
- Washer Connection
- Dryer Connection
Exterior Features
- Patio Slab
- Covered Patio
- Stucco
- Siding
Floors
- Carpeting
- Ceramic Tile
Foundation
- Slab
Roof
- Composition
Miscellaneous
- Net operating income: $62,749
- Unit 1 rent: $1,495
- Unit 2 rent: $1,450
- Unit 3 rent: $1,395
- Unit 4 rent: $1,535
- 0% vacancy rate
- Annual operating expense: $16,351
- Gross annual income: $79,100
- Maintenance
- Management
- All Utilities
- Miscellaneous
Parking
- 2 parking spaces for unit 1
- Unit 1 parking type: Attached
- 2 parking spaces for unit 2
- Unit 2 parking type: Attached
- 2 parking spaces for unit 3
- Unit 3 parking type: Attached
- 2 parking spaces for unit 4
- Unit 4 parking type: Attached
Lot
- Lot size: 0.222
Property
- Zoning: MF-33
Schools
- School district: North East I.s.d
- Elementary school: Fox Run
- Middle school: Wood
- High school: Roosevelt
Cooling
- One Central
Heating
- Electric
- Central
Utilities
- Separate Electric
- Separate Gas
- Common Water
- City
Taxes
- Total tax amount: $21,759