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 | 8.16% Cap Rate

2118 Wilson Blvd
San Antonio, TX 78228
Monticello Park


HIGHLIGHTS

  • The property offers a rare combination of current cash flow and future redevelopment potential

OVERVIEW

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. **Schematic Available 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 **Offering Memorandum Available SEE ATTACHED FLYER FOR MORE DETAILS & Development Potential

FOR SALE DETAILS

PRICE

$285,000 USD

PRICE/SF

$110 USD /SF

# OF UNITS

2

PRICE/UNIT

$142,500

CAP RATE

8.16%

% 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

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210-831-2688

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Ramiro BurrComfort PropMore Info
210-831-2688

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