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3122 Culebra Rd
San Antonio, TX 78228
Culebra Apartments · Multifamily Property For Sale
·
33 Units
PROPERTY FACTS
| No. Units | 33 | Building Size | 19,568 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1970/2018 |
| Building Class | B | Parking Ratio | 2.04/1,000 SF |
| Lot Size | 0.69 AC | ||
| Zoning | C-2 MF-33 - Commercial District | ||
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.69 AC |
| Building Size | 19,568 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2018 |
| Parking Ratio | 2.04/1,000 SF |
| Zoning | C-2 MF-33 - Commercial District |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- High Speed Internet Access
- Refrigerator
- Range
- Walk-In Closets
- Framed Mirrors
- Handrails
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- Laundry Facilities
- Security System
- Gated
- Public Transportation
ABOUT 3122 CULEBRA RD , SAN ANTONIO, TX 78228
Marcus & Millichap is pleased to exclusively offer the 3122 Culebra Apartments, a 32-unit multifamily asset located in northwest San Antonio and built in 1970. Based on a three-year hold, this investment has the potential to achieve a 15% cash-on-cash return. By billing back utilities, and by updating the interiors and curing exterior deferred maintenance at an estimated $3,000 per unit ($96,000), NOI could realistically be increased by an average of $70/month/unit, for an additional $26,880 in NOI. The units are master-metered for electricity, gas and water, and all units are being offered as All-Bills-Paid. Additionally, there is an onsite laundry center that is currently closed. A new owner has the opportunity to purchase new laundry equipment for additional income. Built with wood framing, flat roofs and a concrete slab foundation, the asset offers (30) 1 bedroom/1 bath units and (2) 2 bedroom/1 bath units with a total of +/- 19,545 square feet. Current rents range from $500 to $675 per month. The central A/C condensers are roof-mounted, and the furnaces/air handlers are above the ceilings. Tenant parking is assigned. 3122 Culebra Apartments is located directly across the street from St. Mary' s University.
PROPERTY TAXES
| Parcel Number | 07469-001-0070 | Improvements Assessment | $1,550,400 |
| Land Assessment | $249,600 | Total Assessment | $1,800,000 |
PROPERTY TAXES
