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3118 W Gerald Ave

San Antonio, TX 78211
  • $579,900
  • STATUS: Price Change
  • MLS #: 1710224
Price Reduced
UPDATED: 37 min ago
$579,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
N/A
Type:
Multi-Family
Built:
1913
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

This is a great 7 unit apartment complex for an investor looking to cash flow. In an Opportunity Zone! All units are currently rented, no vacancies and everyone is on a lease. Foundation was fixed, water lines were replaced, all units upstairs were completely remodeled, all window A/Cs were replaced 3 years ago. Shed on the property for additional storage or a potential 8th unit and the property has been fully stabilized with monthly rents of $6055. Owners are selling seven other small multi family properties.

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© 2023 San Antonio Board of REALTORS® All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Neal & Neal Team - Keller Williams Realty-City View. Last updated 2023-09-24T23:32:33.167.
www.mysanantoniohomesearch.com/homes/142284859
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3118 W Gerald Ave San Antonio, TX 78211

  • Price: $579,900
  • Status: Price Change
  • On Site: Days
  • Updated: 37 min ago
  • MLS #: 1710224
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1913
Built
Neighborhood:
N/A
County:
Bexar
Area:
San Antonio
Elementary School:
Call District
Middle School:
Call District
High School:
Call District
School District:
Call District
Property Description
This is a great 7 unit apartment complex for an investor looking to cash flow. In an Opportunity Zone! All units are currently rented, no vacancies and everyone is on a lease. Foundation was fixed, water lines were replaced, all units upstairs were completely remodeled, all window A/Cs were replaced 3 years ago. Shed on the property for additional storage or a potential 8th unit and the property has been fully stabilized with monthly rents of $6055. Owners are selling seven other small multi family properties.
Exterior Features

Exterior Siding Roof Composition Unit Five Parking Spaces 1 Unit Five Parking Type Pad Unit Four Parking Spaces 1 Unit Four Parking Type Pad Unit One Parking Spaces 1 Unit One Parking Type Pad Unit Seven Parking Spaces 1 Unit Seven Parking Type Pad Unit Six Parking Spaces 1 Unit Six Parking Type Pad Unit Three Parking Spaces 1 Unit Three Parking Type Pad Unit Two Parking Spaces 1 Unit Two Parking Type Pad

Interior Features

Air Conditioning Window/WallTwo Window/Wall Floor CarpetingVinylLaminate Heating None Heating Fuel Natural Gas Unit Five Beds 2 Unit Five Full Baths 1 Unit Five Half Baths 0 Unit Five Handicap Access No Unit Five Info Oven/StoveRefrigerator Unit Four Beds 1 Unit Four Full Baths 1 Unit Four Half Baths 0 Unit Four Handicap Access No Unit Four Info Oven/StoveRefrigerator Unit One Beds 1 Unit One Full Baths 1 Unit One Half Baths 0 Unit One Handicap Access No Unit One Info Oven/Stove Unit Seven Beds 1 Unit Seven Full Baths 1 Unit Seven Half Baths 0 Unit Seven Handicap Access No Unit Seven Info Oven/Stove Unit Six Beds 2 Unit Six Full Baths 1 Unit Six Half Baths 0 Unit Six Handicap Access No Unit Six Info Oven/StoveRefrigerator Unit Three Beds 1 Unit Three Full Baths 1 Unit Three Half Baths 0 Unit Three Handicap Access No Unit Three Info Oven/StoveRefrigerator Unit Two Beds 1 Unit Two Full Baths 1 Unit Two Half Baths 0 Unit Two Handicap Access No Unit Two Info Oven/Stove

Property Features

Annual Operating Expense 33228 Approx Age 110 For Sale Or Rent For Sale Gross Annual Income 72660 Hoa Mandatory None Meters Common WaterCommon ElectricCommon Gas Multifamily Type Two Story Net Operating Income 39432 Operating Expense Includes TaxesInsuranceAll Utilities Proposed Terms ConventionalCash Recent Rehab Yes Subdivision Legal Name N/A Taxed By Multiple Counties No Total Tax 14603.45 Unit Five Rent 955 Unit Four Rent 830 Unit One Rent 855 Unit Seven Rent 865 Unit Six Rent 895 Unit Three Rent 830 Unit Two Rent 825 Utility Supplier Other 210-601-2709 Vacancy Rate 0 Water Sewer City Zoning Mf-33

Listing information © 2023 San Antonio Board of REALTORS®.
Listing provided courtesy of Hillary Romero of White Line Realty Llc: hillary.w.romero@gmail.com, (210) 269-1127.


© 2023 San Antonio Board of REALTORS® All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Neal & Neal Team - Keller Williams Realty-City View. Last updated 2023-09-24T23:32:33.167.
 
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Neal & Neal Team - Keller Williams Realty-City View
4618 De Zavala Rd
San Antonio TX, 78249