204 Florida StSan Antonio, TX 78210

This exceptional multifamily investment opportunity presents a rare chance to acquire a 7-unit apartment building in San Antonio's desirable Southtown neighborhood, specifically within the Lavaca Historic District. The property, located at 204 Florida St and 910 Labor St, comprises two buildings: a main structure built in 1929 featuring 5 units and a 1969 duplex with 2 units. Boasting a total of 6,159 square feet on a sizable 14,810 square foot lot (.34 acres), the property is currently vacant, allowing for immediate value-add potential through renovations and re-tenanting. The buildings are zoned RM-4. The property's strong financial performance is highlighted by a pro-forma NOI of $70,100, resulting in a 6.55% pro-forma cap rate. The asking price is $1,070,000, translating to $152,857.14 per unit and $173.73 per square foot. Its prime location offers walkability to Southtown's renowned restaurants and the San Antonio River Hike & Bike Trail, further enhanced by its proximity to the I-37 interchange and a high concentration of employment opportunities (over 12,000 employees within a 1-mile radius). The property retains the sought-after historic architectural details characteristic of the Lavaca and King William neighborhoods, presenting a unique blend of charm and investment potential. This is an ideal opportunity for investors seeking a strong return in a rapidly appreciating area.