347 Ware Blvd San Antonio, TX 78221
- Garden apartment buildings
- 5,184 SF
- 1.04 lot acres
Current Use by Public Records
- Starlight Apartments / Apartment Building
Property Details for 347 Ware Blvd
- Year built
- 1972
- Lot size
- 1.04 lot acres
- Property size
- 5,184 SF
- Property type
- Garden apartment buildings
- APN
- 09484-000-0510
- APU
- 94840000510
Description
This exceptional 24-unit apartment building presents a compelling investment opportunity in San Antonio, Texas. Situated on a 1.04-acre lot at 347 Ware Blvd, 78221, this property boasts two, two-story buildings constructed in 1972 and extensively renovated in 2014. The complex comprises 13,800 net rentable square feet, with units averaging 400-575 square feet each. Currently enjoying a 95% occupancy rate (as of April 10, 2023), this Class C multifamily property offers 24 one-bedroom, one-bathroom units and two additional parking pads. The property benefits from ample parking, a park-like area for residents, and a convenient location near shopping, dining, and entertainment. Each unit features a fully equipped kitchen and a full bathroom with a tub/shower combination. The property is zoned MF-33, making it an ideal investment for those seeking a stable, high-occupancy rental property in a thriving Texas market. The asking price is $1,400,000, representing a price per unit of $65,000. This well-maintained complex offers a strong return on investment with its high occupancy and desirable location. The property's features, combined with its strong rental history, make it an attractive opportunity for discerning investors. The property's APN is 440422.
Value Estimation
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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
- -98.4972
- Latitude
- 29.3496
- CBSA code
- 41700
- CBSA name
- SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA
