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2118 Wilson Blvd 2 Unit Apartment Building $285,000 ($142,500/Unit) 7.68% Cap Rate San Antonio, TX 78228
Investment Highlights
- Seller Finance; Cash-Flowing Property while in Development
Executive Summary
Rare opportunity to acquire a fully occupied, cash-flowing duplex in San Antonio's desirable Monticello District, an established neighborhood known for its strong rental demand, convenient central location, and proximity to major employment centers, shopping, and downtown.
This two-story duplex offers both immediate income and long-term upside. Situated on an oversized RM-4 zoned lot, the property presents investors with the opportunity to explore future multifamily development while continuing to benefit from the existing rental income. A preliminary development schematic is available for review as a conceptual example.
The property is occupied by long-term tenants who pay all utilities and are responsible for lawn maintenance, helping to minimize owner operating expenses while providing stable cash flow from day one.
Seller financing may be available to qualified investors under mutually acceptable terms, allowing the buyer to generate immediate cash flow while pursuing any desired development approvals and permits through the City of San Antonio."
Financial information, including the rent roll and operating data, is available through the LoopNet Data Room upon execution of the required Non-Disclosure Agreement (NDA).
POTENTIAL DEVELOPMENT INCOME GENERATOR
• 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.
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
Flyer, Offering Memorandum, and Conceptual Schematic Available in Loopnet Dataroom
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 | 7.68% | Building Size | 2,588 SF |
| Sale Condition | Redevelopment Project | Average Occupancy | 100% |
| Gross Rent Multiplier | 8.8 | 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- is intended to accommodate a range of residential housing types and densities, providing flexibility for Multifamily. | ||
| Price | $285,000 |
| Price Per Unit | $142,500 |
| Sale Type | Investment |
| Cap Rate | 7.68% |
| Sale Condition | Redevelopment Project |
| Gross Rent Multiplier | 8.8 |
| 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- is intended to accommodate a range of residential housing types and densities, providing flexibility for Multifamily. |
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
Exceptional opportunity to acquire a fully occupied duplex in the established Monticello Park area of San Antonio. This income-producing property features two spacious 3-bedroom, 1-bath units generating $2,700 in gross monthly rental income with long-term tenants already in place, providing immediate cash flow from day one. Situated on an oversized 12,675-square-foot (0.29-acre) lot, the property offers added value beyond its current income. The site is zoned RM-4 (Residential Mixed District), a zoning classification intended to accommodate a range of residential housing types and densities. Buyers are encouraged to conduct their own due diligence regarding permitted uses, development standards, and future possibilities with the City of San Antonio. Additional features include separately metered electric service, tenant-paid utilities, and a property that has been professionally maintained as a long-term rental investment. Whether you're seeking a stable income-producing asset, a long-term hold, or a property with future potential for development, 2118 Wilson presents a compelling investment opportunity. In addition, the Lot Size, 12,675 Sq. Ft. footprint with deep backyard space opens an opportunity for an exact size duplex to be developed with ample parking space. Seller financing may be available to qualified buyers with acceptable terms. Financial information, including the rent roll and operating data, is available upon request. A preliminary development schematic is available for consideration. The property's existing rental income provides cash flow while buyers conduct their own due diligence and pursue any future planning and permitting approvals with the City of San Antonio. PROPERTY SPECIFICATIONS RECAP: • Structure: Income producing, 2-Story Duplex (Fully Leased) • Zoning: RM-4 (Residential Mixed District) • Multifamily Development Potential • 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 AVAILABLE: Offering Memorandum, Schematic for Multifamily Development , Flyers detailing the property assets.
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