Your email has been sent.
2118 Wilson Blvd 2 Unit Apartment Building $285,000 ($142,500/Unit) 8.16% Cap Rate San Antonio, TX 78228
Investment Highlights
- The property offers a rare combination of current cash flow and future redevelopment potential
Executive Summary
• Oversized Lot – The property sits on an expansive lot with approximately 280 feet of depth—much deeper than typical lots in the area.
• Multiple Development Paths- The rear portion of the lot provides an excellent opportunity for additional units, adu’s or future expansion.
• Strong Rental Demand- San Antonio’s North Central continues to experience strong rental demand and population growth.
• Value – Add Upside – Redevelopment can significantly increase cash flow and overall property value
• Flexible Strategy- Keep the existing duplex as income producing and redevelop the rear or convert to townhouse style units.
**Schematic Available
FINANCIAL & ASSET SNAPSHOT
• Price: $285,000
• Gross Annual Income: $33,360.00
• Annual Property Taxes: $8,907.72
• Bexar County Tax Assessed Value: $365,000
• Net Operating Income (NOI): $23,252.28
• Current Capitalization Rate: 8.16% | Gross Rent Multiplier (GRM): 8.54
**Offering Memorandum Available
SEE ATTACHED FLYER FOR MORE DETAILS & Development Potential
Data Room Click Here to Access
Property Facts
| Price | $285,000 | Apartment Style | Hi-Rise |
| Price Per Unit | $142,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 8.16% | Building Size | 2,588 SF |
| Sale Condition | Redevelopment Project | Average Occupancy | 100% |
| Gross Rent Multiplier | 8.54 | No. Stories | 2 |
| No. Units | 2 | Year Built/Renovated | 1935/2021 |
| Property Type | Multifamily | Parking Ratio | 2.32/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RM-4 - RM-4 Residential Mixed District • Expansion: Opportunity to develop a second 2-story duplex; schematic available | ||
| Price | $285,000 |
| Price Per Unit | $142,500 |
| Sale Type | Investment |
| Cap Rate | 8.16% |
| Sale Condition | Redevelopment Project |
| Gross Rent Multiplier | 8.54 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Hi-Rise |
| Building Class | B |
| Lot Size | 0.29 AC |
| Building Size | 2,588 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1935/2021 |
| Parking Ratio | 2.32/1,000 SF |
| Zoning | RM-4 - RM-4 Residential Mixed District • Expansion: Opportunity to develop a second 2-story duplex; schematic available |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Yard
- Dining Room
- Handrails
- Lawn
- Pantry
- Smoke Free
About 2118 WILSON BLVD , SAN ANTONIO, TX 78228
2118 Wilson Blvd | San Antonio, TX 78201 PROPERTY SPECIFICATIONS • Structure: Income producing, 2-Story Duplex (Fully Leased) • Zoning: RM-4 (Residential Mixed District) • Lot Size: Massive 12,675 Sq. Ft. footprint with deep backyard space.with ample space in backy5rd for an exact size duplex ass on the front yard with enough spsce for all setbacks and parking spaces. • Parking & Access: Private dedicated parking nestled quietly behind the structure via Canfield St., featuring mature shade trees and excellent privacy. • Tenancy: 100% occupied by exceptional, multi-year, long-term residents on flexible month-to-month terms. • Utilities: Separate electric meter **Offering Memorandum Available SEE ATTACHED FLYER FOR MORE DETAILS & Development Potential; Schematic Available
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 2 | $1,360 | 1,300 |
Property Taxes
| Parcel Number | 06757-001-0020 | Improvements Assessment | $247,000 |
| Land Assessment | $118,000 | Total Assessment | $365,000 |
Property Taxes
Contact the Sale Advisor
2118 Wilson Blvd