Remigio Duplex Portfolio + 8 Acres FOR SALE


San Antonio, TX - South Southwest
$7,500,000 USD
210-710-5400
, San Antonio, TX for Sale
$7,500,000 USD
FOR SALE
1/10
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Remigio Duplex Portfolio + 8 Acres
San Antonio, TX
South Southwest


HIGHLIGHTS

  • 39 fixable duplexes in a good area surrounded by newer apartments, townhouses, and homes. These fixer-upper units may be the best buys in town!

OVERVIEW

This 39-unit duplex community includes a central office, a small fenced playground, and 8 additional acres at the end of the cul-de-sac. The duplexes were part of a non-profit assisted housing program and were leased at considerably lower than market price. They all need rehabbing to include roofs, flooring, painting, etc. These do not have central ac, so the rehab cost will be lower than expected. The area is surrounded by quality newer townhouses, apartments, and new homes, all within less than a mile of the subject property. The rent potential is tremendous for these mostly 2, 3, and even some 4-bedroom units. If under-rented at $2,500 per unit, the cash flow will still be exceptional. This project is ideal for the savvy investor looking for an opportunity to offer affordable housing in a good area and have the bonus of creating something of value on the additional 8 acres at the end of the street. Once filled up, this will be like printing money. The property will be sold in a single package.

ASK ABOUT THIS PROPERTY

Dan KubinskiCrowned Eagle RealtyMore Info
210-710-5400

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Dan KubinskiCrowned Eagle RealtyMore Info
210-710-5400

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