3557 Fm 1346 La Vernia, TX 78121

Located in La Vernia, TX, this multifamily investment property is situated on approximately 4.748 acres in Wilson County. The property consists of seven primary structures, including six residences and a commercial warehouse/storage building. The current total annual gross revenue is approximately $89,000, with a pro forma full-occupancy projection of $115,788 or more. The site features six occupied units, each with separate electric meters and private driveways. Water is included in the rent. Each unit also has fenced yards and mature trees. There is potential to build 3-4 additional pad sites, utilizing the existing septic infrastructure. The properties include a ~1,040 sq ft mobile home, a ~1,512 sq ft single-family home, a ~616 sq ft studio apartment, a ~600 sq ft commercial warehouse/storefront (plus ~6,400 sq ft non-livable storage), two ~1,248 sq ft mobile homes and a third ~1,250 sq ft mobile home. The listed area of 2,552 sq ft pertains to one structure only; the full compound spans multiple buildings. The property is located in the growing La Vernia corridor with frontage along FM 1346 and is accessible to Loop 1604 and I-10. The property has potential for investor upside and owner-occupant opportunities. With approximately 4.5 acres of land, there is room for expansion, subdivision, or redevelopment, subject to zoning and permitting. Each residence features separate water and electric, tenant billed. The property has no HOA and is ideal for an owner-occupier to live in one unit while collecting rental income from the others. The asset appeals to 1031 exchange buyers, investment groups, or those seeking a mixed-use/rental campus in the San Antonio MSA. The site benefits from easy access to retail and service infrastructure along Hwy 87 and FM 775, plus the dynamic southeast San Antonio sub-market. The property is zoned to the La Vernia Independent School District.