$350,000
6
Units
Property Type
Two Story
Status
Active
Price Type
Distressed
Year Built
1958
Neighborhood
Nogalitos
Days on Website
50
Property Map
$350,000 – 723 Recio, San Antonio, TX 78225
Street View
Courtesy of MSG Management, Estela Andonie-Gonzalez {attribution_contact}
Description
Prime location for an IDZ zoned Commercial Multifamily. Two story Small Apartment building comprising six units with significant cash flow potential. Unit mix is as follows: first floor has two 1-bath studios of 350 sqft each plus two 1bed/ of 950 sqft; second floor has two 2b/2b of 840 sqft each. All units were completely gutted and have all new framing and windows, metal roof and iron fencing are new and there is room for up to 10 parking spaces. Located just off IH 35 and Hwy 90, minutes away from Downtown and the Lone Star District. Sold AS-IS, Buyer to complete build out.
Property Details and Features
Listing
- 48 cumulative days on market
- 48 days on market
- Listing date: 2024-03-14 05:00:00
- Price per square foot: $104
Location
- County: Bexar
- Subdivision: Nogalitos
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
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
- 2 full bathrooms in unit 5
- 2 full bathrooms in unit 6
Accessibility Features
- Unit 1 disability access: No
- Unit 2 disability access: No
- Unit 3 disability access: No
- Unit 4 disability access: No
- Unit 5 disability access: No
- Unit 6 disability access: No
Building
- 3,360 square feet
- 6 total units
- Approximate age: 66 years
- Built in 1958
- Builder: Unknown
- Not Applicable
- Not Applicable
- Not Applicable
- Not Applicable
- Not Applicable
- Not Applicable
Exterior Features
- Double Pane Windows
- Wood
- Stucco
Floors
- Other
Foundation
- Slab
Roof
- Metal
Miscellaneous
- Net operating income: $65,000
- Unit 1 rent: $700
- Unit 2 rent: $700
- Unit 3 rent: $950
- Unit 4 rent: $950
- Unit 5 rent: $1,600
- Unit 6 rent: $1,600
- 0% vacancy rate
- Annual operating expense: $13,000
- Gross annual income: $78,000
- Not Applicable/None
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
- 2 parking spaces for unit 5
- Unit 5 parking type: Pad
- 2 parking spaces for unit 6
- Unit 6 parking type: Pad
Lot
- Lot size: 0.144
Property
- Zoning: IDZ
Schools
- School district: San Antonio I.s.d.
- Elementary school: Collins Garden
- Middle school: Lowell
- High school: Burbank
Cooling
- None
Heating
- Other
- None
Utilities
- Other
- City
Taxes
- Total tax amount: $7,237