$849,000
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12 Beds
10 Baths
4,872 SqFt
SOLD DATE : 06/05/2024
Key Details
Property Type Multi-Family
Sub Type Multi-Family (2-8 Units)
Listing Status Sold
Purchase Type For Sale
Square Footage 4,872 sqft
Price per Sqft $174
Subdivision Tesoro Ridge
MLS Listing ID 1717778
Sold Date 06/05/24
Style Two Story
Bedrooms 12
Full Baths 8
Half Baths 4
Construction Status Pre-Owned
Year Built 2017
Annual Tax Amount $19,668
Lot Size 8,973 Sqft
Property Description
Investors, don't miss out on this 2017 4-plex! This great long-term hold addition to any portfolio features 4 units, each with a 3 BR, 2.5 bath, 2 story, single car garage with a back yard. There are many designs in the Tesoro Ridge community for the 4,872 sq. ft. 4-plexes, however this property is grouped with a phase of 4-plexes that have design features that stand out from other phases. Features like a strikingly attractive elevation, long driveways, ceramic dark colored tile, granite countertops and tray ceilings. The owner recently spent $9k to change exterior underground plumbing pipes from PVC to pex, which should offer more protection against a freeze, if our Winters become more harsh than expected. With most 4-plexes in San Antonio pushing the $1M sales price, demanding pretty close to the same amount of rent and charging over $1k in HOA fees per year, this is an opportunity that you can't pass up. This the only newer 4-plex community that I am aware of that does not have an HOA in San Antonio. All units are rented at the top tier pricing for the area and like-kind units. We are holding off on showings until the property is under contract because we have some great tenants in place and we want to respect their time. Marshall Reddick Real Estate currently manages this property and because of the success we've had managing, we are happy to continue managing, if at all possible. Why San Antonio, TX? The US Census Bureau named San Antonio, TX as the 3rd fastest growing city in the US. Why the NE side of San Antonio? Close proximity to Randolph Air Force Base, allows for great military tenant opportunities. Close proximity to the I-35 corridor. There is a lot of attention focusing on the San Antonio and Austin markets becoming one large metro area, similar to the Dallas Fort Worth Mega Metro. Anything close to the I-35 corridor that connects San Antonio and Austin is seeing an enormous amount of growth, even in this economy. With the cost of entry being so high in Austin, many people in the two markets are looking toward San Antonio and the I-35 corridor for a new place to plant some roots.
Location
State TX
County Bexar
Area 1500
Zoning MF-25
Interior
Heating Central
Cooling Three+ Central
Flooring Carpeting, Ceramic Tile
Exterior
Exterior Feature Stucco, Cement Fiber
Garage Spaces 12.0
Roof Type Composition
Building
Foundation Slab
Construction Status Pre-Owned
Schools
Elementary Schools Fox Run
Middle Schools Wood
High Schools Roosevelt
School District North East I.S.D
Others
Acceptable Financing Conventional, VA, Cash
Listing Terms Conventional, VA, Cash
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13276 Research Blvd, Suite # 107, Austin, Texas, 78750, United States