1522 S Elmendorf St San Antonio, TX 78207

Property Details for 1522 S Elmendorf St

Year built

2023

Lot size

0.11 lot acres

Property size

3,346 SF

Property type

Commercial real estate

Description

This exceptional San Antonio investment opportunity presents a newly constructed (2023) three-unit triplex located at 1522 S Elmendorf St, Bexar County, TX 78207. Boasting a total of 3,346 square feet, this Class B multifamily property offers a compelling 8.08% cap rate and a strong net operating income (NOI) of $42,000. Currently, 66% occupied (with full occupancy projected by August 1, 2024), each of the three units commands a monthly rent of $1,500, totaling $4,500 per month. Each unit features three bedrooms (one downstairs, two upstairs) and two full bathrooms (one downstairs, one upstairs), with laminate flooring on the first floor, ceramic tile in the bathrooms, and carpet upstairs. Exterior amenities include a metal fence with double gates, mature trees, and a carport. The property sits on a 0.11-acre lot and offers one parking space per unit. Its convenient location in a well-established westside neighborhood provides easy access to parks, walking trails, and is less than 10 minutes from downtown San Antonio. The property is zoned MF-33, making it ideal for long-term tenants, house hacking, or short-term rentals. The asking price is $520,000, representing $173,333.33 per unit and $155.41 per square foot. This is a turnkey investment opportunity with immediate cash flow potential.