1409 W Woodlawn Ave - Apartments FOR SALE


San Antonio, TX 78201- Monticello Park
$699,000 USD
512-961-9084
1409 W Woodlawn Ave, San Antonio, TX for Sale
$699,000 USD
Apartments - FOR SALE
1/21
null | 8.31% Cap Rate

1409 W Woodlawn Ave
San Antonio, TX 78201
Monticello Park


HIGHLIGHTS

  • 6 of 8 units renovated
  • Value add opportunity
  • Stabilized / Pro Forma NOI: $58,080 = 8.31% cap rate at asking
  • Proximity to Woodlawn Lake Park, San Antonio College, St. Mary’s University, Downtown SA, and the Pearl District, with quick access to I-10

OVERVIEW

Stabilized 8-plex with remaining upside in the Monticello Park submarket. This 10,851 SF, 2-story, brick asset (built 1940) sits on 0.44 acres and is zoned MF-33. Six of eight units have been renovated and are leasing at higher rates based on historical lease rates, leaving a clear runway to complete remaining improvements and pursue additional rent growth through minor cosmetic upgrades, landscaping/curb appeal enhancements, and potential washer/dryer additions. Stabilized NOI: $58,080 = 8.31% cap rate at the $699,000 offering price (NOI/price). Demand drivers include proximity to Woodlawn Lake Park (~0.9 mi), San Antonio College (~1.6 mi), St. Mary’s University (~4.0 mi), and quick access to I-10, Downtown, and major employment nodes. Buyer to verify all information and complete independent underwriting.

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$64 USD /SF

# OF UNITS

8

PRICE/UNIT

$87,375

CAP RATE

8.31%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

MF-33

APN/PARCEL ID

06480-001-0620

ASK ABOUT THIS PROPERTY

Johnny DevoraDevora RealtyMore Info
512-961-9084

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

Johnny DevoraDevora RealtyMore Info
512-961-9084

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