Log In/Sign Up
Your email has been sent.
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
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
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
8-unit MF in Floresville, TX | 1520 D St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.