203 Rosewood Ave San Antonio, TX 78212
- Apartment buildings
- 3,940 SF
Current Use by Public Records
- Apartment buildings
Property Details for 203 Rosewood Ave
- Year built
- 1946
- Property size
- 3,940 SF
- Property type
- Apartment buildings
Description
This exceptional six-unit apartment building presents a compelling investment opportunity in San Antonio's desirable Monte Vista neighborhood. Situated on a 7,772 square foot corner lot at 203 E Rosewood Ave, this property boasts a charming rock exterior and mature trees. The building, constructed in 1946 and renovated in 2022, comprises two structures with two stories each, offering a mix of unit types: two 2-bedroom/1-bathroom units, two 1-bedroom/1-bathroom units, and two efficiency units with one bathroom each. The property features a total of 3,940 square feet of net rentable space, with six parking spaces available. Currently operating at 100% occupancy (as of February 21, 2024), the property offers a pro-forma NOI of $39,900 and a pro-forma cap rate of 5.32%. The asking price is $750,000, translating to $125,000 per unit. Zoned RM-4, this property presents significant upside potential, ideal for owner-occupancy with rental income or as a purely investment property. The convenient location on the corner of McCullough and Rosewood Avenues in Bexar County, Texas (zip code 78212) adds to its appeal. This is a rare opportunity to acquire a well-maintained, income-producing multifamily property in a thriving San Antonio location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Antonio
- County
- Bexar
- State
- Texas
- Longitude
- -98.4916
- Latitude
- 29.4651
