Price Upon Req.4,531 SF
Property consists of two duplexes and four single family homes for a total of 8 rental units. The neighborhood was originally developed in the 1920's to 1930's. Homes are wood frame construction featuring one and three bedroom floor plans. Current owners have made extensive improvements, roof replacements and interior upgrades insuring low cost operation for many years. Ideal investment for those wanting to add to or begin a low cost residential portfolio. Homes are routinely 100% occupied.
10.84 acres. 145 spaces. Welcome Center, Pool, Laundromat, Pool, WiFi, 4 Bath/Shower Rooms, 50 spaces with 50 amp service, concrete pads, Projects Underway are: fences, re-landscape pool area, new electrical pedestals w/ 50 amp., roads. Current nightly fee is $39.00.
Marcus & Millichap is pleased to exclusively offer the Woodlake Village Apartments in San Antonio, Texas. This 51-unit, community is conveniently situated on the northeast side of the city, east of Loop 410 and north of I-10, and includes two additional acres to develop another 48 units. By stabilizing occupancy and operating expenses, Woodlake Village offers a potential 9.7% cap and 21% cash-on-cash; rents are about $0.07/sf below market. Based on a five-year hold, the potential exists to more than triple NOI and achieve returns of 27% cash-on-cash and over 32% IRR. Woodlake Village is primarily finished in stucco and has a mix of pitched and flat roofs. All units in this gated community feature central heat and AC. The asset consists of (13) one-bed/one-bath units that are 745+/- sf and (38) two-bed/two-bath units ranging from 967 to 1,364 sf, for a total of 50,326 sf. In 2014 the property received over $70,000 in upgrades including new roofs. Units are individually-metered for utilities, and some common utilities are reimbursed by tenants..
PROPERTY FEATURES - 24 Rented Units + 1 Office (possible unit) -Fully Occupied -Tenant Pays Electricity and Gas -Upside in Water Billback (RUBS) -New Roofs completed in 2007 -Pier and Beam Foundation Fortified in 2007 -Historic Victorian Architecture -Excellent proximity to downtown and Pearl Brewery -Affluent Historic Submarket -Victorian Wood Floors and High Ceilings -3rd Floor Balconies, Downtown Views SAN ANTONIO MULTIFAMILY TRENDS -Stable Growing Economy: San Antonio ranked #10 (Milken Report) of Best Performing Cities 2014, climbing two spots from prior year. In addition to impressive employment growth, wages have increased 19% faster than the nation as a whole over the past 5 years. -Rent Growth: Annual market rent increase of over 4.5% through 2nd quarter of 2015 with overall occupancy reaching highest rates of the decade -New Construction: Absorption figures continue to grow with 2,166 more units occupied than in the 1st quarter. Absorption figures for the past year show over 6,750 units absorbed. The majority of new construction being in periphery submarkets (FNW, FNC, FW, and NC2)
Successful Duplex in Camelot area of San Antonio. Solid rental area, property seems to be always full. Has potential for increase rents, currently $700 per side.
5 DUPLEXES (10 UNITS) all next to each other producing steady rental income.
4 Unit on the near west side of San Antonio TX. The property has one efficiency, 2 one bedrooms, one two bedrooms.
21 unit apartment building, built in 1995, currently stabilized at 100% occupancy. Upside potential in continued rent increases (rents are below market), and aggressive marketing/management strategies. NO DROP INS ! Contact agent for information
21-Unit Apartments, 3 Buildings, 21 parking spaces, play ground, separate meters for electric and gas, central unit and window units.
2.2 ACRES LAND WITH 3 BEDROOM EXISTING HOUSE IN MEDICAL CENTER AVAILABLE FOR SALE. HOUSE IS NOT IN A LIVING CONDITION. PERFECT PROJECT AS AN INVESTMENT PROJECT OR REDEVELOPMENT OPPORTUNITY. ZONED COMMERCIAL AND OFFICE. ENJOY AS YOUR PRIMARY RESIDENCE OR BUILD BEHIND PROPERTY AND CONVERT THIS HOUSE TO COMMERCIAL BUILDING. USES ARE ENDLESS. MEDICAL, LAWYERS, ENGINEERS, NURSE-MIDWIFERY PRACTICE, OFFICE, MULTI-FAMILY/STUDENT HOUSING. PRICED TO SELL AT $6.50 PSF.