119 Bank, San Antonio, TX 78204
- $795,000
- 5,510
- SqFt
- List Price
- $795,000
- MLS#
- 1926651
- Status
- BACK ON MARKET
- Number of Units
- 11
- County
- Bexar
- City
- San Antonio
- Subdivision
- S Durango/Probandt
- Living Area
- 5,510
- Acres
- 0.22
Property Description
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 Antonio's 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.
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Additional Information
- Days on Market
- 280
- Year Built
- 1949
- Builder Name
- Unknown
- Cooling
- Window/Wall
- Heating
- Window Unit
- Exterior
- Siding
- Roof
- Composition
- Floor
- Ceramic Tile, Laminate
- School District
- San Antonio I.S.D.
- Elementary School
- Briscoe
- Middle School
- Harris
- High School
- Burbank
Mortgage Calculator
Listing courtesy of Listing Agent: Arthur Sable (aesable.ownahome@gmail.com) from Listing Office: Keller Williams Legacy.
IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability. 
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