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1501 E Southcross Blvd 28 Unit Apartment Building For Sale San Antonio, TX 78223
INVESTMENT HIGHLIGHTS
- 7 Minutes from Downtown San Antonio
- Complex Includes a Dog Park
- Nearby Businesses Include: Multiple Restaurants, HEB, Riverside Golf Course, and Mission County Park
- 17 Minutes from Texas A&M San Antonio
- Rooms Include a Washer and Dryer Hookup
EXECUTIVE SUMMARY
100% occupied investment opportunity! Discover this compelling investment option nestled in the up-and-coming San Antonio area-an ideal prospect for those looking to fortify their portfolio with a low-maintenance addition. This brand-new multi-family development is a must-see, featuring 28 units presenting 745 sq.ft. Layouts with two well-proportioned bedrooms and one bathroom. Experience contemporary living with open-plan and light-filled living spaces, perfectly tailored to modern lifestyles. Choose from two distinct floorplans offering well-equipped kitchens with ample storage and top-quality appliances. The convenience is further enhanced by central parking within the development. Additionally, relish the advantages of a central location, providing effortless access to all essential amenities for prospective tenants. Restaurants, schools, and shops are all within close proximity, adding to the allure of this easy-care investment opportunity in the up-and-coming San Antonio area. Seize the chance to enhance your portfolio with a property that combines practicality, style, and a prime location!
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$386,000
|
$19.27
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$5,569
|
$0.28
|
| Effective Gross Income |
$380,431
|
$18.99
|
| Taxes |
$67,992
|
$3.39
|
| Operating Expenses |
$62,168
|
$3.10
|
| Total Expenses |
$130,160
|
$6.50
|
| Net Operating Income |
$250,271
|
$12.49
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $386,000 |
| Annual Per SF | $19.27 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $5,569 |
| Annual Per SF | $0.28 |
| Effective Gross Income | |
|---|---|
| Annual | $380,431 |
| Annual Per SF | $18.99 |
| Taxes | |
|---|---|
| Annual | $67,992 |
| Annual Per SF | $3.39 |
| Operating Expenses | |
|---|---|
| Annual | $62,168 |
| Annual Per SF | $3.10 |
| Total Expenses | |
|---|---|
| Annual | $130,160 |
| Annual Per SF | $6.50 |
| Net Operating Income | |
|---|---|
| Annual | $250,271 |
| Annual Per SF | $12.49 |
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.90 AC |
| No. Units | 28 | Building Size | 20,034 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2024 |
| Building Class | B | Parking Ratio | 2.3/1,000 SF |
| Zoning | MF-33 - multi-family use with a maximum density of up to thirty-three (33) units per acre, depending on unit size | ||
| Sale Type | Investment |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.90 AC |
| Building Size | 20,034 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 2.3/1,000 SF |
| Zoning | MF-33 - multi-family use with a maximum density of up to thirty-three (33) units per acre, depending on unit size |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer Hookup
- Ceiling Fans
- Kitchen
- Dining Room
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Pet Play Area
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 28 | $1,128 | 713 - 718 |
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PROPERTY TAXES
| Parcel Number | 08090-000-0370 | Total Assessment | $2,800,000 |
| Land Assessment | $432,960 | Annual Taxes | $67,992 ($3.39/SF) |
| Improvements Assessment | $2,367,040 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
08090-000-0370
Land Assessment
$432,960
Improvements Assessment
$2,367,040
Total Assessment
$2,800,000
Annual Taxes
$67,992 ($3.39/SF)
Tax Year
2025
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1501 E Southcross Blvd
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