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Waverly Lake Multi-Family Units 1246 Waverly Ave 3 Unit Apartment Building $639,000 ($213,000/Unit) 8.89% Cap Rate San Antonio, TX 78201
Executive Summary
Completely remodeled Investment property. All 3 Units are STR. 87% Occupancy and 8.17 Cap Rate. Download brochure to see all pictures and the property details. Location couldn't be better-less than 5 minutes from the bustling Riverwalk and the trendy Pearl district. Zoned RM-4-an extraordinary rarity in this sought-after lakeside enclave-this property stands out as a prime investment. With three meticulously rehabbed units (2022) and no HOA to worry about, you'll appreciate the current gross annual income of $85K and an impressive cap rate. Two units are already rented with established leases, while the front unit offers fantastic short- and mid-term rental potential. Plus, with RM-4 zoning, there's room to add a charming tiny house! Included in this incredible package are all furnishings and an inventory of everything you need to hit the ground running. This property is not just a triplex; it's a fantastic investment opportunity waiting for you to seize! Don't miss out-schedule your viewing today and make this gem yours!
Property Facts
| Price | $639,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $213,000 | Building Class | B |
| Sale Type | Investment | Building Size | 2,840 SF |
| Cap Rate | 8.89% | Average Occupancy | 87% |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1946/2022 |
| Property Subtype | Apartment |
| Price | $639,000 |
| Price Per Unit | $213,000 |
| Sale Type | Investment |
| Cap Rate | 8.89% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Building Size | 2,840 SF |
| Average Occupancy | 87% |
| No. Stories | 1 |
| Year Built/Renovated | 1946/2022 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | - | 1,244 |
| 2+1 | 2 | - | 800 - 1,000 |
| 1+1 | 3 | - | 800 |
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Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 02056-016-0140 | Improvements Assessment | $197,620 |
| Land Assessment | $74,140 | Total Assessment | $271,760 |
Property Taxes
Parcel Number
02056-016-0140
Land Assessment
$74,140
Improvements Assessment
$197,620
Total Assessment
$271,760
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RedKorr
Waverly Lake Multi-Family Units | 1246 Waverly Ave
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