7302 Mary Abbott St - Apartments FOR SALE


San Antonio, TX 78221- South Park
$2,900,000 USD
210-698-3100
7302 Mary Abbott St, San Antonio, TX for Sale
$2,900,000 USD
Apartments - FOR SALE
1/1
null | 6.29% Cap Rate

7302 Mary Abbott St
San Antonio, TX 78221
South Park


HIGHLIGHTS

  • Convenient access to retail, dining, and cultural landmarks adds further appeal

OVERVIEW

Costa Azul Apartments is a modern 20-unit multifamily community positioned just south of downtown San Antonio inside Loop 410. This turnkey asset combines contemporary construction, a balanced unit mix, and proximity to major employment hubs, offering investors stable cash flow with long-term growth potential. The property consists of 12 two-bedroom townhome-style residences and 8 three-bedroom residences, each designed with renter appeal in mind. Homes feature stainless steel appliances including refrigerator, microwave, oven, and stovetop, along with walk-in closets and washer and dryer connections. Townhome layouts enhance privacy and livability, encouraging long-term tenancy. Located near Brooks City Base, Kelly Air Force Base, Texas A&M University San Antonio, Palo Alto College, and the Toyota Manufacturing Plant, Costa Azul is strategically positioned to capture consistent rental demand. Tenants also benefit from quick access to shopping, dining, and cultural destinations such as Mission San Jose and the Mission Concepcion Sports Complex. The two-bedroom residences are 772 square feet with open layouts, stainless steel appliances, walk-in closets, and washer and dryer connections. The three-bedroom residences are 820 square feet, offering spacious interiors with contemporary kitchens, premium appliances, ample storage, and washer and dryer connections. Built in 2022 to current standards, the community minimizes near-term maintenance and capital needs while providing a balanced mix of units, privacy-focused townhome designs, and a strategic location near major employers and universities. Convenient access to retail, dining, and cultural landmarks adds further appeal, making Costa Azul a turnkey property offering immediate income and long-term appreciation potential. Gross income: $294,000 Annual tax: $54,660.41 Insurance: $14,115 Gas & electric: $1,800 Waste removal: $3,754.20 Maintenance: $6,000 Other expense: $34,841.52 Net operating income: $182,428.88

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$161 USD /SF

# OF UNITS

20

PRICE/UNIT

$145,000

CAP RATE

6.29%

% LEASED

40%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Costa Azul Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2022

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,124 SF

ZONING

MF-33

APN/PARCEL ID

09338-072-0341

ASK ABOUT THIS PROPERTY

Binkan CinarogluKuper Sotheby's International RealtyMore Info
210-698-3100

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Binkan CinarogluKuper Sotheby's International RealtyMore Info
210-698-3100

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