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$99,900
Est. payment /mo
5 Beds
5 Baths
1,440 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family (2-8 Units)
Listing Status Active
Purchase Type For Sale
Square Footage 1,440 sqft
Price per Sqft $69
Subdivision Gardendale Area 8 Ed
MLS Listing ID 2013741
Style One Story
Bedrooms 5
Full Baths 5
Year Built 1950
Annual Tax Amount $2,946
Lot Size 5,706 Sqft
Property Sub-Type Multi-Family (2-8 Units)
Property Description
INVESTOR ALERT - Fully Occupied 5-Plex with Long-Term Tenants! Turnkey income-producing property, this five-unit multifamily is 100% occupied by long-term tenants, generating $1,940/month in gross rental income ($23,280/year). Each unit is separately metered for electricity, with owner responsible for water only - keeping operating expenses low and predictable. Rent roll: $400 / $400 / $380 / $380 / $380. At only $19,980 per unit, this is an affordable multifamily investment with immediate income and significant value-add potential. Current rents are low, providing potential upside through future improvements and rent increases. Older property being sold with tenants in place and priced accordingly. Do not disturb tenants. Buyer to verify all information. Property sold as-is. Do not disturb tenants - showings require advance notice/appointment only. Verify all rents, square footage, unit count, and income/expense figures independently.
Location
State TX
County Bexar
Area 0700
Direction S
Interior
Heating None
Cooling Window/Wall, None
Flooring Ceramic Tile, Wood, Vinyl
Exterior
Exterior Feature Siding
Garage Spaces 5.0
Roof Type Composition
Schools
Elementary Schools Perales
Middle Schools Brentwood
High Schools John F Kennedy
School District Edgewood I.S.D
Others
Acceptable Financing Conventional, Cash, Investors OK
Listing Terms Conventional, Cash, Investors OK
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Listed by Walter Owens • Walter Ray Owens, Jr. - Broker • (210) 334-7200
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