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    1220 Howard St San Angelo, TX 76901

    For Sale
    $2,699,999

    San Angelo, TX: High-Yield Rental Investment

    Property size:
    24,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional investment opportunity presents a portfolio of 25 single-family rental units in San Angelo, Texas. Comprising 24 individual buildings (22 houses and one triplex), this Class B property boasts a total of approximately 24,000-25,000 square feet and offers a compelling 8.00% cap rate. Currently operating at 100% occupancy, the portfolio generates a substantial $307,164 in annual gross rent. Tenants are responsible for all utilities, except for the triplex. Over half of the units feature three bedrooms, providing a desirable rental profile. Located at 1220 N Howard St, San Angelo, TX 76901, this property is situated in Tom Green County. The asking price is $2,699,999, translating to approximately $108,000 per unit. A significant advantage is the seller's willingness to provide financing with a 20% down payment

    Property Features for 1220 Howard St

    General Information

    Property type
    Multifamily properties
    Square Feet
    24,000 SF
    Class
    B

    Building Details

    Buildings
    24
    Stories
    1
    Units
    25

    HighLights

    • 25‑unit single‑family rental portfolio in San Angelo, TX.
    • $307,164 annual gross rent with 100% occupancy.
    • Tenants pay all utilities except for one triplex unit.
    • Seller offering repair credit.
    • Existing property management in place for under 5% of gross rent.
    • Seller financing available with 20% down payment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Angelo
    County
    Tom Green
    State
    Texas
    Longitude
    -100.4709651
    Latitude
    31.4642748

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    FAQs

    What type of property is this?
    Multifamily property - San Angelo, TX: High-Yield Rental Investment
    Where is this multifamily property located?
    The property is located at 1220 Howard St San Angelo, TX.
    What is the asking price?
    The asking price for this property is $2,699,999.
    What are key features of this property?
    This property features: 25-unit single-family rental portfolio in San Angelo, TX.; $307,164 annual gross rent with 100% occupancy.; Tenants pay all utilities except for one triplex unit.
    Request Owner's contact information
    1220 Howard St San Angelo, TX 76901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1220 Howard St San Angelo, TX 76901
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