1602 St St San Antonio, TX 78210
- Apartment buildings
- 3,338 SF
Current Use by Public Records
- Apartment buildings
Property Details for 1602 St St
- Year built
- 1950
- Property size
- 3,338 SF
- Property type
- Apartment buildings
Description
This exceptional value-add investment opportunity presents a four-unit apartment building located at 1602 S St Mary's St, San Antonio, TX 78210, in the desirable Southtown neighborhood. The property, comprised of three buildings, boasts a total of 3,338 square feet on a 6,110 square foot lot (APN: 03078-001-0120). Built in 1950 and renovated in 1998, the property features a mix of unit sizes: two 2-bedroom/1-bathroom units, one 2+ bedroom/1-bathroom unit, and one 1-bedroom/1-bathroom unit. Currently operating at 100% occupancy, the property offers a compelling price per unit of $110,000, with an overall asking price of $440,000 ($131.82 per square foot). The property is zoned RM-4 NCD Overlay, and there's potential for a fifth unit in the third building. Seller financing is available with a minimum 40% down payment. This two-story Class C multifamily property represents a strong investment opportunity in a vibrant San Antonio location. The property's strong occupancy and potential for further value enhancement make it an attractive proposition for discerning investors.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Antonio
- County
- Bexar
- State
- Texas
- Longitude
- -98.4861
- Latitude
- 29.4058
