Merry Oaks Apartments is a well constructed, 4-plex community located in southwest San Antonio near Lackland Air Force Base and the Toyota Tundra Manufacturing Plant. This property' s community style of living and amenities positions itself well for the long term success in San Antonio' s south side evolution. Built in two phases, 1968 and 1973, and containing 194 units, there is a combined total of 134,506 SF . The Property offers efficiency, one-bedroom, and two-bedroom units. The Property has an outstanding loan balance of $4,209,430 with Fannie Mae. The loan is assumable with supplemental financing available.
109,541 SFPrice Upon Req.
See attached flyer.
HUB Zone 55 Parking Spaces Approx. .75 AC (32,456 SF) Approx. 25,000 SF of buildings Zoning 4 Parcels C2-H 1 Parcel MF 33-H
Charming Bungalow in the historic Beacon Hill/Five Points neighborhood! Close to 281, I-10, downtown, SAC, many eclectic restaurants & shops and zoned MF-33/SPECIAL USE FOR FRUTERIA/FRUIT STAND. This energy efficient home has a 5 year old roof, AC & Double-pane windows, storage shed in back. MANY potential uses under MF-33 zoning.
January 1st I raised the rents--- a lot of complaints were received, but no one moved out. So I am going to boost a few more of them in June. 14 spaces at $275. ( June 1st- increasing to $$290 June 1st ) 16 spaces at $290 38 spaces at $300 We now have 7 park owned homes--- Additional rental income is $ 2825 per month. Expenses; Property taxes $14000 Insurance $4200 Water. $20000 Trash. $2500 Repairs. $10000 Management. $19500 Misc. $8000 Elec-Gas. $4800 Income $22740 X $272880 Expenses are $87500 (32%) Net income is $185380 (5%) $100,000 down $1,700,000 at 5.5% interest 30 years. $10220.20 PI Net income $5228. Per month.
This is a four plex building with 2 more units over the garages. There are six single car garages. Four plex has central heat and air and has large rooms which are light and airy. The two one bedroom apartments over the garage area are roomy.
8,583 SF, two-story, 16-unit, one-bedroom/one-bath apartments; fully leased; built in 1978; has coin-operated laundry for additional income; land totals 16,749 SF or 0.385 AC; 16 parking spaces; All utilities available to the property; excellent location for San Antonio College student rentals; within walking distance to classes; Tobin Hill neighborhood; also located close to Methodist Metropolitan Medical Center and other medical facilities; 8.7% cap rate
Owner financed with 10% down This property sits on 2.65 acres and has 27,000 SF available and 96 bedrooms spread across 5 wings.
Building includes central air and heat, new commercial water heater, laundry facility, enclosed courtyard as well as covered parking, patios and breezeways. Building exterior has been repaired and repainted recently and several units have received new paint, flooring and appliances. 16 Parking Spaces