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127 Sandmeyer St 8 Unit Apartment Building $675,000 ($84,375/Unit) 7% Cap Rate San Antonio, TX 78208
Investment Highlights
- 3,496 SF building on .14 acre
- Fully Occupied
- Zoned: R-6 CD
Executive Summary
This Colonial style apartment building Is located in the Government Hill Historic District near Fort Sam Houston, The Pearl, Botanical Gardens and downtown San Antonio. Strategically located near major highways such as Loop 410, I-35, Hwy 281 and I-37, this property is highly desirable for families seeking convenience and accessibility in their housing solution.
With a total of 8 units, comprising two1 bed/1 bath units, four studio units and two studio with den units, this property offers an attractive mix to potential investors. The property features below market rents, providing room for income growth.
With a total of 8 units, comprising two1 bed/1 bath units, four studio units and two studio with den units, this property offers an attractive mix to potential investors. The property features below market rents, providing room for income growth.
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $675,000 | Building Class | C |
| Price Per Unit | $84,375 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 3,496 SF |
| Cap Rate | 7% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1926 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R-6 CD - Single Family District | ||
| Price | $675,000 |
| Price Per Unit | $84,375 |
| Sale Type | Investment |
| Cap Rate | 7% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,496 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1926 |
| Opportunity Zone |
Yes |
| Zoning | R-6 CD - Single Family District |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | 370 - 400 |
| 1+1 | 2 | - | - |
Property Taxes
| Parcel Number | 01269-001-0150 | Total Assessment | $523,300 |
| Land Assessment | $93,090 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $430,210 | Tax Year | 2025 |
Property Taxes
Parcel Number
01269-001-0150
Land Assessment
$93,090
Improvements Assessment
$430,210
Total Assessment
$523,300
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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127 Sandmeyer St
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