327 Locust St San Antonio, TX 78212

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.