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3118 W Gerald Ave

San Antonio, TX 78211
  • $582,800
  • STATUS: Price Change
  • ON SITE: 34 Days
  • MLS #: 1559457
Price Reduced
$582,800
  • 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. All units are currently rented, no vacancies and everyone is on a lease until 4/30/2022. Foundation was fixed, water lines were replaced, all units upstairs were completely remodeled, all window A/Cs were replaced 2 years ago. Shed on the property for additional storage or potential 8th unit and property has been fully stabilized with monthly NOI of $3,719. We are selling at a 7.5 cap rate. This property won't last long! See it today.

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© 2021 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 RE/MAX North-San Antonio. Last updated 2021-10-17T23:32:21.22.
www.forsalesanantoniohomes.com/homes/121382245
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3118 W Gerald Ave San Antonio, TX 78211

  • Price: $582,800
  • Status: Price Change
  • MLS #: 1559457
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. All units are currently rented, no vacancies and everyone is on a lease until 4/30/2022. Foundation was fixed, water lines were replaced, all units upstairs were completely remodeled, all window A/Cs were replaced 2 years ago. Shed on the property for additional storage or potential 8th unit and property has been fully stabilized with monthly NOI of $3,719. We are selling at a 7.5 cap rate. This property won't last long! See it today.
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 23292 Approx Age 108 Builder Name Unknown For Sale Or Rent For Sale Gross Annual Income 67920 Hoa Mandatory None Meters Common WaterCommon ElectricCommon Gas Multifamily Type Two Story Net Operating Income 44628 Operating Expense Includes TaxesInsuranceMaintenanceAll UtilitiesServices Proposed Terms ConventionalFhaVaCash Subdivision Legal Name N/A Taxed By Multiple Counties No Total Tax 8302.21 Unit Five Rent 840 Unit Four Rent 820 Unit One Rent 785 Unit Seven Rent 785 Unit Six Rent 820 Unit Three Rent 770 Unit Two Rent 790 Vacancy Rate 0 Water Sewer City Zoning Mf-33

Listing provided courtesy of Hillary Romero of White Line Realty.


© 2021 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 RE/MAX North-San Antonio. Last updated 2021-10-17T23:32:21.22.
 
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RE/MAX North-San Antonio
8131 W Hausman Rd. Suite 101
San Antonio TX, 78249