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$1,500,000 / 8br - 9456ft2 - 18 door apartment built in '55 showing this Friday! (San Antonio)

18 door apartment built in '55 showing this Friday! 1 thumbnail18 door apartment built in '55 showing this Friday! 2 thumbnail18 door apartment built in '55 showing this Friday! 3 thumbnail
8BR / 9+Ba 9456ft2
license info: TX LIC #813897 Broker #9000195
18-door Apartment Complex in the Art Deco District, minutes to downtown San Antonio, Texas!!!
H-E-B right across the street! Walking distance to San Antonio's finest H-E-Bs!

Location, Location, Location some more.
Located in the center of San Antonio, TX 78201

Asking purchase price: under $1.5mm
Estimated Rehab: $144,000 +/-
After Repair Value minimum: $1.8mm and up
Monthly income projections: around $14,000 per month income
Currently 88% occupied
NOI: $136,000

Build Specifications (estimated):
Beds: 19
Baths: 18
Sq Ft: 9,456
Year Build: 1955

LOT SPECS:
Size: 0.48 acre lot
Zoned: MF-33
Utilities: Onsite

I am ready to help you close this as fast as June 28th, 2024

Outside Real Estate Buyer Agents Welcome! Call me show contact info and let's make good business!

Contact me for Highest & Best Offer Showing for this week! (June 21st)

o Across for HEB & public transportation
o Centrally Located in prime location minutes to downtown and 2 minutes to I-10
o Art Deco District - historic!
o Fredericksburg Road. Tons of shops and restaurants
o Close to SATX Airport
o Starbucks (strategically picks location based on growth statistics)
o 88% tenant occupied
o Current cap rate 8.5%


Repairs Suggestions:
o Approximately $8,000 per unit for mini splits, replacement of small appliances, and fresh paint
o Foundation bids, leasebacks, Project Analysis, Seller's Disclosures are all onhand.

This apartment is currently occupied by tenants. Call me for appointments for viewing and showing.

Exclusive for cash buyers; Multifamily real estate investors. Hard money & commercial construction loans available!
Will ask for Proof of Funds.

Outside Real Estate Buyer Agents Welcome! Call me show contact info and let's make good business!

show contact info
TX LIC #813897 Broker #9000195
Texas Realtor for the Investor ALL DAY

post id: 7758088121

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