211 Robert E Lee San Antonio, TX 78214
- Commercial real estate
- 2,568 SF
- 0.17 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 211 Robert E Lee
- Year built
- 1920
- Lot size
- 0.17 lot acres
- Property size
- 2,568 SF
- Property type
- Commercial real estate
Description
This exceptional multifamily investment opportunity is located at 211 Robert E Lee in San Antonio, Texas, within Bexar County, zip code 78214. The property consists of a six-unit apartment building totaling 2,568 square feet situated on a 0.171-acre lot. Built in 1920 and extensively renovated in 2022, this property boasts a 100% occupancy rate, generating significant rental income. The asking price is $499,000, translating to a price per square foot of $194.31 and a price per unit of $83,166.67. The property's strong financial performance is further highlighted by a compelling 10.18% capitalization rate. The property is zoned MF-33, offering flexibility for potential redevelopment or continued operation as a residential rental property. This prime South Side location presents a rare opportunity for investors seeking a stable, high-yielding asset in a desirable area of San Antonio. The two buildings on the property offer a unique blend of established income and potential for future growth. This is an ideal investment for those seeking a strong return on investment in a thriving Texas market. The property's recent renovation ensures minimal maintenance needs, maximizing profitability. The convenient location and high occupancy rate make this a truly exceptional investment opportunity.
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
- -98.4994057
- Latitude
- 29.3703392
