111 E Park Ave | San Antonio, TX 78212
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- LoopNet Team
111 E Park Ave
San Antonio, TX 78212
$250K Price Reduction - Loan Must be Assumed · Multifamily Property For Sale
·
32 Units
INVESTMENT HIGHLIGHTS
- In-Place Loan Must Be Assumed - Inquire for Details
- Value Add Opportunity - Additional +/-18% Upside in Rents
- $755K+ in Capital Improvements Made over the Past 2+ years
- 7.19% Current Cap Rate & 9.63% Pro Forma Cap Rate
- 9.72% Cash on Cash Return Day 1
- Walking Distance to Pearl Brewery & Hotel Emma - 22 acre Development Near Downtown SA
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Oven
- Stainless Steel Appliances
- Range
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Clubhouse
- Courtyard
- Laundry Facilities
- Picnic Area
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 20 | - | 659 - 780 |
| 2+1 | 11 | - | 919 - 983 |
| Studios | 1 | - | 572 |
PROPERTY TAXES
| Parcel Number | 01749-011-0030 | Improvements Assessment | $2,039,990 |
| Land Assessment | $1,060,010 | Total Assessment | $3,100,000 |
PROPERTY TAXES
Parcel Number
01749-011-0030
Land Assessment
$1,060,010
Improvements Assessment
$2,039,990
Total Assessment
$3,100,000
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