541 Hammond Ave
San Antonio, TX 78210
Multifamily Property For Sale · 8 Units

541 Hammond Avenue presents an opportunity to acquire an 8-unit multifamily property in San Antonio’s Highland Park neighborhood at an attractive basis of approximately $59,375 per unit. The 5,650-square-foot property contains five one-bedroom/one-bath units and three two-bedroom/one-bath units. Five units are currently occupied and producing $3,655 per month, with three vacant units offering identifiable lease-up and value-add potential. Conservative lease-up assumptions indicate potential stabilized gross rent of approximately $5,850 per month. Future rents and occupancy are not guaranteed. Updated electrical and plumbing improvements, including PVC and PEX plumbing updates, completed roof repairs, and updates to most units. Unit 5 is currently occupied on a month-to-month lease and is expected to require renovation following vacancy; buyers should independently verify its condition, renovation scope and cost. The property is situated on approximately 0.35 acre and offers onsite parking. Tenants pay separately metered electricity, while the landlord pays common water. Located minutes from Downtown San Antonio with convenient access to employment, dining and major transportation corridors. Offered at $475,000. Offering materials, current rent roll and additional property information are available upon request.