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8-unit MF in Floresville, TX 1520 D St 8 Unit Apartment Building $705,250 ($88,156/Unit) 10% Cap Rate Floresville, TX 78114
Investment Highlights
- 100% occupied
- Central location
- Favorable unit mix (1 bed and studio apartments)
Executive Summary
8-unit multifamily property located at 1520 D Street, Floresville, TX. 100% occupied and offered at a 10% cap rate. Units 1-5 are 1 bed / 1 bath, while units 6-8 are studio units. The property is located in Floresville, Texas - a small metro/town just outside San Antonio city limits. Floresville offers stable local demand supported by its population and proximity to the larger urban region of San Antonio, Texas - giving tenants access to city-level employment, amenities, and services while living in a lower-density community. The town has local retail, basic services, and is served by Floresville Independent School District, supporting a renter base of families and working individuals seeking affordability and access. Given full occupancy, an attractive cap rate, and a diversified unit mix, this asset presents a straightforward income-producing opportunity with upside potential as Floresville grows and remains an affordable alternative to more expensive metro markets.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$103,980
|
$31.93
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$103,980
|
$31.93
|
| Taxes |
$9,084
|
$2.79
|
| Operating Expenses |
$24,371
|
$7.48
|
| Total Expenses |
$33,455
|
$10.27
|
| Net Operating Income |
$70,525
|
$21.66
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $103,980 |
| Annual Per SF | $31.93 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $103,980 |
| Annual Per SF | $31.93 |
| Taxes | |
|---|---|
| Annual | $9,084 |
| Annual Per SF | $2.79 |
| Operating Expenses | |
|---|---|
| Annual | $24,371 |
| Annual Per SF | $7.48 |
| Total Expenses | |
|---|---|
| Annual | $33,455 |
| Annual Per SF | $10.27 |
| Net Operating Income | |
|---|---|
| Annual | $70,525 |
| Annual Per SF | $21.66 |
Property Facts
| Price | $705,250 | Apartment Style | Low-Rise |
| Price Per Unit | $88,156 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 10% | Building Size | 3,256 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1955 |
| Price | $705,250 |
| Price Per Unit | $88,156 |
| Sale Type | Investment |
| Cap Rate | 10% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 3,256 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1955 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Ceiling Fans
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
| Studios | 3 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 27101 | Total Assessment | $455,775 (2025) |
| Land Assessment | $34,850 (2025) | Annual Taxes | $9,084 ($2.79/SF) |
| Improvements Assessment | $420,925 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
27101
Land Assessment
$34,850 (2025)
Improvements Assessment
$420,925 (2025)
Total Assessment
$455,775 (2025)
Annual Taxes
$9,084 ($2.79/SF)
Tax Year
2024
-
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8-unit MF in Floresville, TX | 1520 D St
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