Current Use by Public Records
- Apartment buildings
Property Details for 119 Bank St
- Year built
- 1945
- Lot size
- 0.22 lot acres
- Property type
- Apartment buildings
Description
This exceptional 11-unit apartment building presents a compelling investment opportunity in San Antonio, Texas. Located at 119 Bank St, San Antonio, TX 78204, this Class C property boasts 5,510 square feet of net rentable space, situated on a 0.221-acre lot (APN: 03559-001-0010). Built in 1945 and zoned R6, the property currently enjoys 100% occupancy, generating a strong net operating income (NOI) of $81,435 and a 9.58% cap rate. The asking price is $850,000, translating to $77,272.73 per unit and $154.26 per square foot. The unit mix includes nine one-bedroom, one-bathroom units and two larger units with three or more bedrooms and two bathrooms. Its prime location offers convenient access to Interstate 10 East, public transportation, and schools, enhancing tenant appeal and long-term value. The property benefits from a strong rental history with historically high occupancy rates and competitive rental income, suggesting potential for increased rental income. This well-maintained property offers immediate returns and long-term growth potential in a thriving rental market. The property's current gross income is approximately $121,000 annually. This is a turnkey investment ideal for both seasoned and new investors seeking a stable, income-generating asset in a desirable location. Seven minutes from downtown and near the King William District.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Antonio
- County
- Bexar
- State
- Texas
- Longitude
- -98.5034
- Latitude
- 29.4008
