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2807 Observation Dr 8 Unit Apartment Building $850,000 ($106,250/Unit) 7.16% Cap Rate San Antonio, TX 78227
Property Facts
| Price | $850,000 | Building Class | C |
| Price Per Unit | $106,250 | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 5,800 SF |
| Cap Rate | 7.16% | Average Occupancy | 88% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1980/2023 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R-6 | ||
| Price | $850,000 |
| Price Per Unit | $106,250 |
| Sale Type | Investment |
| Cap Rate | 7.16% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 5,800 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built/Renovated | 1980/2023 |
| Opportunity Zone |
Yes |
| Zoning | R-6 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 15509-007-0020 | Improvements Assessment | $461,640 |
| Land Assessment | $53,360 | Total Assessment | $515,000 |
Property Taxes
Parcel Number
15509-007-0020
Land Assessment
$53,360
Improvements Assessment
$461,640
Total Assessment
$515,000
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