1602 St StSan Antonio, TX 78210

For Sale
$440,000

Four-unit multifamily, value-add opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional value-add investment opportunity presents a four-unit apartment building located at 1602 S St Mary's St, San Antonio, TX 78210, in the desirable Southtown neighborhood. The property, comprised of three buildings, boasts a total of 3,338 square feet on a 6,110 square foot lot (APN: 03078-001-0120). Built in 1950 and renovated in 1998, the property features a mix of unit sizes: two 2-bedroom/1-bathroom units, one 2+ bedroom/1-bathroom unit, and one 1-bedroom/1-bathroom unit. Currently operating at 100% occupancy, the property offers a compelling price per unit of $110,000, with an overall asking price of $440,000 ($131.82 per square foot). The property is zoned RM-4 NCD Overlay, and there's potential for a fifth unit in the third building. Seller financing is available with a minimum 40% down payment. This two-story Class C multifamily property represents a strong investment opportunity in a vibrant San Antonio location. The property's strong occupancy and potential for further value enhancement make it an attractive proposition for discerning investors.

Highlights

  • Four-unit apartment building in desirable Southtown, San Antonio.
  • 3,338 sq ft on a 6,110 sq ft lot (APN: 03078-001-0120).
  • Unit mix: two 2/1s, one 2+/1, and one 1/1; currently 100% occupied.
  • Asking price: $440,000 ($110,000 per unit, $131.82/sq ft).
  • RM-4 NCD Overlay zoning; potential for a fifth unit.
  • Seller financing available (40% down).

Property Details for 1602 St St

Property type
Multifamily properties, Apartment buildings
Square Feet
3,338 SF
Class
C
Year Built/Renovated
1950/1998
Buildings
3
Stories
2
Units
4

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.405779039331
Longitude
-98.486095331595
1602 St St, San Antonio, Texas

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1602 St St
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