$265,000
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5 Beds
4 Baths
2,500 SqFt
SOLD DATE : 10/27/2020
Key Details
Property Type Multi-Family
Sub Type Multi-Family (2-8 Units)
Listing Status Sold
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $106
Subdivision North Point
MLS Listing ID 1478439
Sold Date 10/27/20
Style One Story
Bedrooms 5
Full Baths 4
Year Built 1974
Annual Tax Amount $3,819
Property Description
Obtain immediate cash flow and increase your net worth with this turn key, Income producing four-plex at a 9% CAP rate. With the monthly rental income of $2,760 this property exceeds the 1% rule. Located on the northeast side of town, the property is closed to Ft. Sam, Randolph AFB, IKEA, shopping and restaurants. NEISD school district. All the units have been updated and maintained,(over $30k improvements)The oversize parking lot and driveway offer plenty of parking, plus HOA offers laundromat and club house. Start investing or add to your portfolio with this cash flowing, passive income producing property. Unit 3, lease ends march 2021, Unit 4, lease ends September 2021, unit 2, lease ends August 2020, Unit 1 Month to month.
Location
State TX
County Bexar
Area 1600
Interior
Heating Window Unit
Cooling Window/Wall
Flooring Carpeting, Ceramic Tile, Linoleum
Exterior
Exterior Feature Siding
Garage Spaces 8.0
Roof Type Composition
Building
Foundation Slab
Schools
Elementary Schools Montgomery
Middle Schools White Ed
High Schools Roosevelt
School District North East I.S.D
Others
Acceptable Financing Conventional, FHA, VA, TX Vet, Cash, Investors OK
Listing Terms Conventional, FHA, VA, TX Vet, Cash, Investors OK
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13276 Research Blvd, Suite # 107, Austin, Texas, 78750, United States