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327 Locust St San Antonio, TX 78212

Sponsored
For Sale
$2,100,000

14-Unit Apartment Building, 100% Occupancy

Property size:
10,926 SF

Description

Added:
Dec 11, 2024
Days on Market:
399
This exceptional 14-unit apartment building, located at 327 E Locust St in San Antonio, Texas, presents a compelling investment opportunity. The property boasts 10,926 square feet of net rentable space, spread across a two-story building on a 0.425-acre lot (APN 119989). Built in 1963 and extensively renovated in 2023, this Class B multifamily property is currently operating at 100% occupancy, generating a strong cash flow. Each of the 14 units features high-end finishes and fixtures. Recent upgrades include a renovated courtyard with hammocks and a fire pit, new cattle fencing, a modernized laundry room, and enhanced building security access. The property also offers private covered tenant parking supplemented by ample street parking. Situated in a highly desirable area, the building benefits from its proximity to downtown San Antonio, the Pearl Brewery, St. Mary's Strip, and numerous dining and retail options. Convenient access to major thoroughfares like I-35N and Hwy 281 ensures easy commutes for tenants. The property is zoned MF-33, offering potential for future value appreciation. The asking price is $2,100,000, representing $150,000 per unit and $192.20 per square foot. This stabilized asset presents a rare opportunity to acquire a high-performing multifamily property in a thriving San Antonio location.

Property Features for 327 Locust St

General Information

Property type
Multifamily properties
Square Feet
10,926 SF
Class
B
Lot Size
18,513 SF

Building Details

Year Built/Renovated
1963/2023
Buildings
1
Stories
2
Units
14

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
San Antonio
County
Bexar
State
Texas
Longitude
-98.490228944005
Latitude
29.445733940908

FAQs

What type of property is this?
Multifamily property - 14-Unit Apartment Building, 100% Occupancy
Where is this multifamily property located?
The property is located at 327 Locust St San Antonio, TX.
What is the asking price?
The asking price for this property is $2,100,000.
More about this property
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