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Palo Alto 11327 Clearmine St 4 Unit Apartment Building $975,000 ($243,750/Unit) 6.24% Cap Rate San Antonio, TX 78224
INVESTMENT HIGHLIGHTS
- New fourplex construction with modern finishes
- Financing incentives available from 5.25%
- Near Texas A&M–San Antonio and Palo Alto College
- Located in booming South San Antonio near major employers
- Minutes from downtown and Riverwalk attractions
- Includes electric car charger, irrigation system, and fire suppression
EXECUTIVE SUMMARY
Brand-New Fourplex Investment Opportunity with Exceptional Incentives!
Take advantage of limited-time financing incentives—including reduced interest rates and closing cost assistance—on these stunning new construction fourplexes, each located in a designated Opportunity Zone (OZ) for potential tax advantages.
Built with quality and peace of mind in mind, these homes come with a full builder warranty and are move-in ready!
Palo Alto Cove is situated in San Antonio’s rapidly growing south side, just minutes from Palo Alto College and Texas A&M University–San Antonio. The area is booming with economic activity and job growth, including Toyota’s manufacturing campus and subsidiaries, employing over 10,000 people.
Each fourplex includes four spacious units, each measuring 1,362 sq ft, with:
3 bedrooms and 2.5 bathrooms
1-car garage and a covered patio
Modern, open-concept layouts
High-end finishes come standard, including:
Granite countertops
Luxury vinyl plank flooring
Subway tile showers
Oil-rubbed bronze fixtures
Stainless steel appliances (refrigerator, stove, microwave, and dishwasher included)
Total building size: 5,448 sq ft
Whether you're a seasoned investor or entering multifamily for the first time, this is a rare opportunity to own a turnkey income property in a high-demand rental market.
Take advantage of limited-time financing incentives—including reduced interest rates and closing cost assistance—on these stunning new construction fourplexes, each located in a designated Opportunity Zone (OZ) for potential tax advantages.
Built with quality and peace of mind in mind, these homes come with a full builder warranty and are move-in ready!
Palo Alto Cove is situated in San Antonio’s rapidly growing south side, just minutes from Palo Alto College and Texas A&M University–San Antonio. The area is booming with economic activity and job growth, including Toyota’s manufacturing campus and subsidiaries, employing over 10,000 people.
Each fourplex includes four spacious units, each measuring 1,362 sq ft, with:
3 bedrooms and 2.5 bathrooms
1-car garage and a covered patio
Modern, open-concept layouts
High-end finishes come standard, including:
Granite countertops
Luxury vinyl plank flooring
Subway tile showers
Oil-rubbed bronze fixtures
Stainless steel appliances (refrigerator, stove, microwave, and dishwasher included)
Total building size: 5,448 sq ft
Whether you're a seasoned investor or entering multifamily for the first time, this is a rare opportunity to own a turnkey income property in a high-demand rental market.
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$82,800
|
$15.20
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$82,800
|
$15.20
|
| Taxes |
$14,000
|
$2.57
|
| Operating Expenses |
$7,996
|
$1.47
|
| Total Expenses |
$21,996
|
$4.04
|
| Net Operating Income |
$60,804
|
$11.16
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $82,800 |
| Annual Per SF | $15.20 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $82,800 |
| Annual Per SF | $15.20 |
| Taxes | |
|---|---|
| Annual | $14,000 |
| Annual Per SF | $2.57 |
| Operating Expenses | |
|---|---|
| Annual | $7,996 |
| Annual Per SF | $1.47 |
| Total Expenses | |
|---|---|
| Annual | $21,996 |
| Annual Per SF | $4.04 |
| Net Operating Income | |
|---|---|
| Annual | $60,804 |
| Annual Per SF | $11.16 |
PROPERTY FACTS
| Price | $975,000 | Building Class | B |
| Price Per Unit | $243,750 | Lot Size | 3.67 AC |
| Sale Type | Investment | Building Size | 5,448 SF |
| Cap Rate | 6.24% | No. Stories | 2 |
| No. Units | 4 | Year Built | 2025 |
| Property Type | Multifamily | Parking Ratio | 0.37/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Townhome | ||
| Zoning | MF-33 - Multifamily District | ||
| Price | $975,000 |
| Price Per Unit | $243,750 |
| Sale Type | Investment |
| Cap Rate | 6.24% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 3.67 AC |
| Building Size | 5,448 SF |
| No. Stories | 2 |
| Year Built | 2025 |
| Parking Ratio | 0.37/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | MF-33 - Multifamily District |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Tenant Controlled HVAC
- Car Charging Station
- Walk-Up
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 14552-000-0020 | Total Assessment | $210,830 |
| Land Assessment | $210,830 | Annual Taxes | $14,000 ($2.57/SF) |
| Improvements Assessment | $0 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
14552-000-0020
Land Assessment
$210,830
Improvements Assessment
$0
Total Assessment
$210,830
Annual Taxes
$14,000 ($2.57/SF)
Tax Year
2024
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Palo Alto | 11327 Clearmine St
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