$469,999
4
Units
Property Type
Two Story
Status
Active
Price Type
Distressed
Year Built
1929
Neighborhood
Beacon Hill
Days on Website
26
Property Map
$469,999 – 1041 W Magnolia Ave, San Antonio, TX 78201
Street View
Courtesy of Levi Rodgers Real Estate Group, Amanda Carrizales {attribution_contact}
Description
Attention investors! Explore the substantial potential of this 4-plex in the historic Beacon Hill area, offered AS IS. Each of the four units features 1 bedroom, 1 bathroom, a living room, dining room, and kitchen, spread across 3,800 sq ft. This property not only sits on a desirable corner lot but also includes ample parking space in both the front and the back, along with a 400 sq ft shed for additional storage. Boasting a new roof installed by Beldon Roofing in June 2019, this building is conveniently located near downtown and major highways, making it a promising opportunity for both income and growth. Don’t miss out-come see the possibilities today!
Property Details and Features
Listing
- 26 cumulative days on market
- 26 days on market
- Listing date: 2024-04-11 05:00:00
- Price per square foot: $124
Location
- County: Bexar
- Subdivision: BEACON HILL
Bedrooms
- 1 bedroom in unit 1
- 1 bedroom in unit 2
- 1 bedroom in unit 3
- 1 bedroom in unit 4
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
Accessibility Features
- Unit 1 disability access: No
- Unit 2 disability access: No
- Unit 3 disability access: No
- Unit 4 disability access: No
Building
- 3,800 square feet
- 4 total units
- Approximate age: 95 years
- Built in 1929
- Builder: N/a
- Oven/Stove
- Oven/Stove
- Not Applicable
- Not Applicable
Exterior Features
- Wood
Floors
- Wood
Roof
- Heavy Composition
Miscellaneous
- Net operating income: $9,000
- Unit 1 rent: $1,000
- Unit 2 rent: $1,000
- Unit 3 rent: $0
- Unit 4 rent: $0
- 50% vacancy rate
- Annual operating expense: $15,000
- Gross annual income: $24,000
- Taxes
- Insurance
Parking
- 1 parking space for unit 1
- Unit 1 parking type: Detached
- 1 parking space for unit 2
- Unit 2 parking type: Detached
- 1 parking space for unit 3
- Unit 3 parking type: Detached
- 1 parking space for unit 4
- Unit 4 parking type: Detached
Lot
- Lot size: 0.215
Schools
- School district: San Antonio I.s.d.
- Elementary school: Call District
- Middle school: Call District
- High school: Edison
Cooling
- Window/Wall
Heating
- Natural Gas
- Window Unit
Utilities
- Separate Electric
- Common Water
- City
- Gas utility supplier: CPS energy
- Electric utility supplier: CPS energy
- Water utility supplier: saws
Taxes
- Total tax amount: $10,099