347 Ware BlvdSan Antonio, TX 78221

For Sale
$1,400,000

24-Unit Multifamily Investment

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 24-unit apartment building presents a compelling investment opportunity in San Antonio, Texas. Situated on a 1.04-acre lot at 347 Ware Blvd, 78221, this property boasts two, two-story buildings constructed in 1972 and extensively renovated in 2014. The complex comprises 13,800 net rentable square feet, with units averaging 400-575 square feet each. Currently enjoying a 95% occupancy rate (as of April 10, 2023), this Class C multifamily property offers 24 one-bedroom, one-bathroom units and two additional parking pads. The property benefits from ample parking, a park-like area for residents, and a convenient location near shopping, dining, and entertainment. Each unit features a fully equipped kitchen and a full bathroom with a tub/shower combination. The property is zoned MF-33, making it an ideal investment for those seeking a stable, high-occupancy rental property in a thriving Texas market. The asking price is $1,400,000, representing a price per unit of $65,000. This well-maintained complex offers a strong return on investment with its high occupancy and desirable location. The property's features, combined with its strong rental history, make it an attractive opportunity for discerning investors. The property's APN is 440422.

Highlights

  • $1,400,000 asking price for a 24-unit apartment building in San Antonio, TX.
  • 95% occupancy as of April 10, 2023.
  • 13,800 square feet of net rentable space.
  • Two buildings on a 1.04-acre lot, with two parking pads.
  • Built in 1972, renovated in 2014.

Property Details for 347 Ware Blvd

Property type
Multifamily properties, Apartment buildings
Square Feet
400 SF
Class
C
Year Built/Renovated
1972/2014
Buildings
2
Stories
2
Lot Size (sq. ft)
45,302 SF
Units
24

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.348964919171
Longitude
-98.49709133182
347 Ware Blvd, San Antonio, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
347 Ware Blvd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message