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926 Drury Ln 8 Unit Apartment Building $898,000 ($112,250/Unit) 7.95% Cap Rate San Antonio, TX 78221
INVESTMENT HIGHLIGHTS
- Income Producing
- Excellent Location
- Well Maintained
EXECUTIVE SUMMARY
Excellent Opportunity for Investors. This property features a BRAND NEW ROOF with a limited lifetime warranty that can be transferred to new buyers. The exterior has been updated with fresh paint. This is an income-producing property located near Texas A&M University, the Toyota Plant, Navistar, and the Amazon warehouse. Well-maintained and only 19 years old, the property consists of two buildings located at 926 and 930 Drury Lane, offering a total of eight units. Each unit has 2 bedrooms / 1 bath equipped with separate electric and water meters, washer/dryer connections, central HVAC systems, water heaters, refrigerators, and stoves. There is ample parking available, with each unit assigned two parking spaces and its own trash bins. The buildings are finished with cement fiber siding and double-pane windows, providing durability and energy efficiency. Additionally, four of the units were updated last year with either vinyl wood or ceramic flooring.
DATA ROOM Click Here to Access
- Operating and Financials
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$94,260
|
$14.44
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$94,260
|
$14.44
|
| Taxes |
$16,146
|
$2.47
|
| Operating Expenses |
$6,748
|
$1.03
|
| Total Expenses |
$22,894
|
$3.51
|
| Net Operating Income |
$71,366
|
$10.93
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $94,260 |
| Annual Per SF | $14.44 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $94,260 |
| Annual Per SF | $14.44 |
| Taxes | |
|---|---|
| Annual | $16,146 |
| Annual Per SF | $2.47 |
| Operating Expenses | |
|---|---|
| Annual | $6,748 |
| Annual Per SF | $1.03 |
| Total Expenses | |
|---|---|
| Annual | $22,894 |
| Annual Per SF | $3.51 |
| Net Operating Income | |
|---|---|
| Annual | $71,366 |
| Annual Per SF | $10.93 |
PROPERTY FACTS
| Price | $898,000 | Apartment Style | Low-Rise |
| Price Per Unit | $112,250 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 7.95% | Building Size | 6,528 SF |
| Gross Rent Multiplier | 12.5 | Average Occupancy | 75% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2006 |
| Property Subtype | Apartment | Parking Ratio | 2.45/1,000 SF |
| Zoning | MF-33 - multifamily | ||
| Price | $898,000 |
| Price Per Unit | $112,250 |
| Sale Type | Investment |
| Cap Rate | 7.95% |
| Gross Rent Multiplier | 12.5 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.32 AC |
| Building Size | 6,528 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 2006 |
| Parking Ratio | 2.45/1,000 SF |
| Zoning | MF-33 - multifamily |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Tile Floors
- Refrigerator
- Oven
- Sprinkler System
- Double Pane Windows
- Vinyl Flooring
- Window Coverings
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | $1,025 | 816 |
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PROPERTY TAXES
| Parcel Number | 09415-136-0030 | Total Assessment | $630,000 (2025) |
| Land Assessment | $58,940 (2025) | Annual Taxes | $16,146 ($2.47/SF) |
| Improvements Assessment | $571,060 (2025) | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
09415-136-0030
Land Assessment
$58,940 (2025)
Improvements Assessment
$571,060 (2025)
Total Assessment
$630,000 (2025)
Annual Taxes
$16,146 ($2.47/SF)
Tax Year
2024 Payable 2024
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Thousandfold Realty
926 Drury Ln
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