$189,000
2
Units
Property Type
One Story
Status
Pending
Price Type
Distressed
Year Built
1943
Neighborhood
Palm Heights
Days on Website
34
Property Map
$189,000 – 506 Walton Ave, San Antonio, TX 78225
Street View
Courtesy of Phyllis Browning Company, Robert Finn {attribution_contact}
Description
Value add at its finest, welcome to 506-508 Walton. This is your opportunity to add to your investment portfolio or live in one unit while the other pays down your monthly overhead. Both units have been updated with new flooring, fresh coat of paint, and updated fixtures. Water lines have been converted to PEX and the back lot of the property boasts of a spacious carport for multiple vehicles. Don’t forget your 2 story value add structure to potentially add a 3rd unit, the possibilities are endless. Seller also willing to consider a package sale with MLS 1766427 and MLS 1766426.
Property Details and Features
Listing
- 31 cumulative days on market
- 31 days on market
- Listing date: 2024-04-12 05:00:00
- Price per square foot: $110
Location
- County: Bexar
- Subdivision: PALM HEIGHTS
Bedrooms
- 3 bedrooms in unit 1
- 2 bedrooms in unit 2
Bathrooms
- 1 full bathroom in unit 1
- 1 full bathroom in unit 2
Accessibility Features
- Unit 1 disability access: No
- Unit 2 disability access: No
Building
- 1,723 square feet
- 2 total units
- Approximate age: 81 years
- Built in 1943
- Builder: N/a
- Not Applicable
- Not Applicable
Floors
- Wood
- Vinyl
Roof
- Composition
Miscellaneous
- Net operating income: $22,400
- Unit 1 rent: $900
- Unit 2 rent: $1,050
- 8% vacancy rate
- Annual operating expense: $4,000
- Gross annual income: $26,400
- Maintenance
- Management
- Miscellaneous
Parking
- 2 parking spaces for unit 1
- Unit 1 parking type: Carport,Pad,Street
- 2 parking spaces for unit 2
- Unit 2 parking type: Carport,Pad,Street
Lot
- Lot size: 0.201
Schools
- School district: San Antonio I.s.d.
- Elementary school: Call District
- Middle school: Call District
- High school: Call District
Cooling
- Window/Wall
Heating
- Electric
- Window Unit
Utilities
- Separate Electric
- Common Water
- City
- Gas utility supplier: CPS
- Electric utility supplier: CPS
- Garbage utility supplier: SAWS
- Water utility supplier: SAWS
- Sewer utility supplier: SAWS
Taxes
- Total tax amount: $4,702