posted 11/28/2008 at 07:46 am in san antonio, tx
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Property Type: Income/Investment
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MLS #:
Square Feet: 3000
Bedrooms: 0
Bathrooms: 0
Garage:
Year Built: 1980
# of Stories: 1 |
| Location: san Antonio, TX 78213 |
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4 Plex built in 1980. Property is directly across the street from an elementary school and has only 1 vacant unit. Over 3,000 square feet. No front yard (sorry). It is not the Taj Mahal but it is a decent, clean property which is ideal for a small-time or newbie investor looking to get their feet wet. Tenants pay their own water and heating. Very little in overhead costs. Property was purchased in 2006 for $170k. 2 years later, the out-of-state,frustrated owner must sell for quick cash at a steep discount.
4 units:
A) 2 bed/1 bath= currently renting at $450/month (could rent for $525)
B) 2 bed/1 bath= currently renting at $495/month (could rent for $525)
C) 1 bed/1 bath= VACANT, was renting at $395/month (could rent for $450)
D) 2 bed/1 bath= currently renting at $425/month (could rent for $500)
Previously approved for Section 8 in Bexar County. Margin available to raise rents. Positive cash flow every month. New roof installed. Maybe $5,000 for paint and minor things. Taxes and note are current. Structurally, the property is sound but is in serious need of a real property manager. This property has already had 2 incompetent property managers and does not need a third. Hint hint. All cash deal.
Intersection of Baywood and Silver Oaks. Serious inquiries only. Call or email for specifics and to schedule a viewing of property. 210 303 5813 |
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It is NOT ok to contact this poster with services or other commercial interests
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For Sale By: For Sale By Owner
Agent Name:
Agent Email:
Agent Phone:
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| specific location: San Antonio |
| posted: 11/28/2008 at 07:46 am |
| expires:
03/08/2009 |
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| keywords:
cash, equity, discount, income, fast, residual |
san antonio, tx - real estate for sale - classified ads - Discount 4 Plex Needs New Property Manager |
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