Property Type Two Story
Status Active
Price Type
Distressed
Year Built 2021
Neighborhood Summit At Lookout Enclave
Days on Website 50

Property Map

$950,000 – 6427 Luglio Ln, San Antonio, TX 78233

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

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