FULLY OCCUPIED | 11 UNITS | $11,745/MO SCHEDULED RENT | $140,940 ANNUAL SCHEDULED RENT | $91,716 ANNUALIZED NOI | APPROX. 11.5 CAP RATE AT $795K LIST PRICE. Rare income-producing investment opportunity in San Antonios Lone Star/Southtown corridor near Downtown. This multi-building rental property offers strong in-place cash flow with a diversified unit mix consisting of efficiencies, 1-bedroom apartments, a 3-bedroom/1-bath residence and a two-story co-living/rent-by-room component with 7 rentable bedrooms. CURRENTLY FULLY OCCUPIED with income already in place. The rear building consists of 6 units: three 1-bedroom apartments and three efficiencies. The middle courtyard row includes 3 additional units: two efficiencies and one 1-bedroom. The front portion includes the 3-bedroom/1-bath residence and the two-story co-living house. A central courtyard connects the multi-building property. INVESTOR HIGHLIGHTS: Strong in-place occupancy and cash flow; diversified rental income; established tenant base; and potential for continued operational and rental-income upside. Convenient access to Downtown, Southtown, employment centers, dining, entertainment and major transportation corridors. Investor financial package, current rent roll and operating expense summary available in MLS documents. Buyer to independently verify all financial, zoning, property and operating information.
Listed By
Agency Name: Keller Williams Legacy
Agency Phone: (210) 482-3200
Shown By
Agent Name: Russell Cox
Agent Phone: Cell: (254) 717-6447
Agency Title: Kelly, Realtors
Agency Email: info@kellyrealtors.com
Agency Text: (254) 717-6447
Estimated Payment
$ 3,488.87 per month $1,769.33 Principal & Interest $1,487.67 Property Tax $231.88 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
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119 Bank | MLS# 1926651
This multi-family property located at 119 Bank, San Antonio, TX 78204 is currently listed for sale with an asking price of $795,000. Bank is located within the San Antonio ISD school district. Search San Antonio real estate on www.254properties.com today.