1246 Waverly Ave - Apartments FOR SALE


San Antonio, TX 78201- Woodlawn Lake
$600,000 USD
830-708-8383
1246 Waverly Ave, San Antonio, TX for Sale
$600,000 USD
Apartments - FOR SALE
1/5
null | 9.46% Cap Rate

1246 Waverly Ave
San Antonio, TX 78201
Woodlawn Lake


OVERVIEW

Live Mortgage-Free or Own a Turnkey Investment - 3 Private Units Near Woodlawn Lake Completely remodeled property features three separate, private units (all rehabbed in 2022), each with its own space and fencing. Ideal for an owner-occupant or an investor. Live in the front unit (~1,250 SF) and rent the two rear units (~800 SF each) to offset or fully cover your mortgage, or operate all three as income-producing rentals. Strong performance with ~87% occupancy and approximately $85K gross annual income. Two units are leased; the front unit is ready for short- or mid-term rental or owner occupancy. Zoned RM-4 (rare for the area), offering flexibility and future upside. No HOA. Prime location just 1 block from Woodlawn Lake and minutes from the Riverwalk and Pearl. Owner open to creative financing options. The adjacent lot is also available for expansion for $89,000 or buy everything together for $650,000. See Property website and financials - https://redkorr.my.canva.site/woodlawn-lake-waverly

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$211 USD /SF

# OF UNITS

3

PRICE/UNIT

$200,000

CAP RATE

9.46%

% LEASED

87%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Waverly Lake Multi-Family Units

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,410 SF

ZONING

RM-4

APN/PARCEL ID

02056-016-0140

ASK ABOUT THIS PROPERTY

Aaron MatthewsRedKorrMore Info
830-708-8383

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Aaron MatthewsRedKorrMore Info
830-708-8383

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.