1631 Interstate 35San Antonio, TX 78208

For Sale
$3,995,000

16 Units, 13,691 SF, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional mixed-use investment portfolio comprises eight buildings totaling 13,691 square feet in San Antonio's thriving urban core. The portfolio includes 16 rental units across various property types: apartment buildings, single-family rentals, and storefronts, catering to a diverse tenant base of 15. Built between 1935 and 1965, and renovated in 2022, these properties offer a blend of historical charm and modern updates. Located in Bexar County, with addresses spanning 1631 N Interstate 35, 1623 N Interstate 35, 1615 North Interstate 35, 1607 N Pine St, 1529 E Crockett St, 611 Potomac St, and 110 Dumoulin Ave, all within zip codes 78202, 78208, and 78210, the portfolio benefits from its proximity to major attractions like the Riverwalk, Pearl Brewery, and the Grayson entertainment district. The portfolio boasts a gross lease structure, with a current pro-forma NOI of $202,000 and a pro-forma cap rate of 5.06%. The asking price is $3,995,000, translating to $291.80 per square foot and $249,687.50 per unit. Each unit includes two parking spaces. This value-add opportunity presents significant potential for appreciation, given the area's rapid growth and substantial investment in nearby mixed-use developments. The portfolio's strategic location and diverse income streams make it an attractive investment for those seeking both cash flow and long-term capital appreciation in a dynamic market. The properties are all within a 1.5-mile radius of each other, offering operational efficiencies. This is a rare opportunity to acquire a well-positioned portfolio in a rapidly appreciating area.

Highlights

  • Investment objective: significant property appreciation with concurrent positive cash flow.
  • Rare portfolio of income-producing properties in San Antonio's urban core, near major attractions, and minutes from the Convention Center and Alamodome.
  • Properties clustered within 1.5 miles of each other, Downtown San Antonio, Pearl Brewery, and the Riverwalk.
  • Projected above-average property value appreciation, among the highest in Texas.
  • All properties delivered with short-term leases, allowing for immediate rent increases.
  • 75% of properties are within walking distance of the Pearl Brewery, Riverwalk, and Grayson Street entertainment district.

Property Details for 1631 Interstate 35

Property type
Other retail properties, Individual retail properties
Square Feet
13,691 SF
Year Built/Renovated
1935/2022
Buildings
8
Stories
1
Units
16

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.4391435
Longitude
-98.4705697
1631 Interstate 35, San Antonio, Texas

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1631 Interstate 35
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