Description
Turnkey multifamily cre investment property in one of the country’s fastest growing and most economically vibrant areas. units consist of one 2 br, 1 bath unit (slab foundation) and one 1 br, 1 bath unit (pier and beam construction), each with their own laundry room. long-term tenants (15-20 years) with leases in place; one is a section 8 tenant.
minimal overhead; rents at close to market with long-term tenants under lease. tenants pay all utilities and are responsible for lawn care.
features updated in 2024-25 include:
• new metals roof on both structures
• both units have new siding, insulation and stud and beam replacement where any evidence of decay or rot existed
• exterior of both units painted
• new energy efficient windows in 2 br unit.
• all items noted on inspections addressed (seller will share the original inspection and termite reports with an accepted offer).
• carport converted to 1 car, enclosed garage.
• 1 br / 1 bath unit leveled with new piers installed & numerous beams replaced
• new front door on 1 br / 1 bath unit
• minor kitchen updates made in 1 br / 1 bath unit
• bathroom, laundry remodeled in 1 br / 1 bath unit
• new city compliant water heater closet on 1 br / 1 bath unit
• dead and problematic trees were trimmed back or removed altogether
no showings unless under contract; internally or externally. if you drive by, please do not disturb the tenants. buyer managed noi of 85 and cap rate of 5.5 based on actual costs.
Property Type
ResidentialCounty
GuadalupeStyle
TraditionalAD ID
49174214
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Property Details
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Interior Features
Interior Features
- CeilingFans,TubShower
- Roof: Metal
Roofing Information
- Metal
Flooring Information
- Linoleum
Heating & Cooling
- Heating: Central
- Cooling: CentralAir,OneUnit
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Exterior Features
Building Information
- Year Built: 1992
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Property / Lot Details
Property Information
- Subdivision: Gallegos Seguin ISD
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Listing Information
Listing Price Information
- Original List Price: $324950
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School, Utilities & Location Details
Location Information
- Direction: From Hwy 46, turn onto Court St. Turn left onto Guadalupe and then left onto San Antonio.
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BuyOwner last updated this listing 04/09/2025 @ 22:50
- MLS: 575130
- LISTING PROVIDED COURTESY OF: Karen Rizner, Vantage Real Estate Group, LLC
- SOURCE: CTEXAS
is a Home, with bedrooms which is for sale, it has 1,450 sqft, 1,450 sized lot, and 1 parking. are nearby neighborhoods.