2118 Wilson Blvd - Apartments FOR SALE


San Antonio, TX 78228- Monticello Park
$285,000 USD
210-831-2688
2118 Wilson Blvd, San Antonio, TX for Sale
$285,000 USD
Apartments - FOR SALE
1/16
null | 7.68% Cap Rate

2118 Wilson Blvd
San Antonio, TX 78228
Monticello Park


HIGHLIGHTS

  • Seller Finance; Cash-Flowing Property while in Development

OVERVIEW

Cash Flow Today. Development Potential Tomorrow. Rare opportunity to acquire a fully occupied, cash-flowing duplex in San Antonio's desirable Monticello District, an established neighborhood known for its strong rental demand, convenient central location, and proximity to major employment centers, shopping, and downtown. This two-story duplex offers both immediate income and long-term upside. Situated on an oversized RM-4 zoned lot, the property presents investors with the opportunity to explore future multifamily development while continuing to benefit from the existing rental income. A preliminary development schematic is available for review as a conceptual example. The property is occupied by long-term tenants who pay all utilities and are responsible for lawn maintenance, helping to minimize owner operating expenses while providing stable cash flow from day one. Seller financing may be available to qualified investors under mutually acceptable terms, allowing the buyer to generate immediate cash flow while pursuing any desired development approvals and permits through the City of San Antonio." Financial information, including the rent roll and operating data, is available through the LoopNet Data Room upon execution of the required Non-Disclosure Agreement (NDA). POTENTIAL DEVELOPMENT INCOME GENERATOR • Oversized Lot – The property sits on an expansive lot with approximately 280 feet of depth—much deeper than typical lots in the area. • Multiple Development Paths- The rear portion of the lot provides an excellent opportunity for additional units, adu’s or future expansion. • Strong Rental Demand- San Antonio’s North Central continues to experience strong rental demand and population growth. • Value – Add Upside – Redevelopment can significantly increase cash flow and overall property value • Flexible Strategy- Keep the existing duplex as income producing and redevelop the rear or convert to townhouse style units. FINANCIAL & ASSET SNAPSHOT • Price: $285,000 • Gross Annual Income: $33,360.00 • Annual Property Taxes: $8,907.72 • Bexar County Tax Assessed Value: $365,000 • Net Operating Income (NOI): $23,252.28 • Current Capitalization Rate: 8.16% | Gross Rent Multiplier (GRM): 8.54 Flyer, Offering Memorandum, and Conceptual Schematic Available in Loopnet Dataroom

FOR SALE DETAILS

PRICE

$285,000 USD

PRICE/SF

$110 USD /SF

# OF UNITS

2

PRICE/UNIT

$142,500

CAP RATE

7.68%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Hi-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1935

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

RM-4

APN/PARCEL ID

06757-001-0020

ASK ABOUT THIS PROPERTY

Ramiro BurrComfort PropMore Info
210-831-2688

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Ramiro BurrComfort PropMore Info
210-831-2688

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