137 E Norwood Ct - Apartments FOR SALE


San Antonio, TX 78212- Olmos Park Terrace
$1,100,000 USD
210-219-3045
137 E Norwood Ct, San Antonio, TX for Sale
$1,100,000 USD
Apartments - FOR SALE
1/30
null | Request Cap Rate

137 E Norwood Ct
San Antonio, TX 78212
Olmos Park Terrace


HIGHLIGHTS

  • Excellent rental market
  • Well maintained property
  • Six of eight units updated with Quartz counters, updated lighting, tile backsplashes in kitchen
  • Easy access to 2 major universities
  • On-site laundry facility

OVERVIEW

Centrally Located 8-plex in Olmos Park Terrace with Upside Potential on Rents Discover this exceptional centrally located 8-unit property nestled in a stable neighborhood, renowned for its robust rental demand. Set amidst a vibrant community, this investment opportunity promises stable tenant base with higher then average yearly rent increases The property comprises a main structure housing 5 spacious units, accompanied by a charming carriage house with 3 additional units, providing versatility and appeal to a diverse tenant base. Residents benefit from 8 assigned parking spaces, ensuring ease and convenience. Additionally, an on-site coin- operated laundry facility meets everyday needs efficiently. Six of the Eight units boast elegant wood flooring, exuding warmth and style, complemented by a comprehensive appliance package that enhances living convenience. Six of the Eight units have been upgraded with Quartz counters in the kitchen and tile backsplashes. Embrace the opportunity to invest in a high-demand rental market with promising potential for revenue growth. This property's strategic location and thoughtful features make it a compelling choice for discerning investors.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$227 USD /SF

# OF UNITS

8

PRICE/UNIT

$137,500

CAP RATE

Request Cap Rate

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

-

APN/PARCEL ID

06557-003-0360

ASK ABOUT THIS PROPERTY

Donna CrabtreeSophus PropertiesMore Info
210-219-3045

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Donna CrabtreeSophus PropertiesMore Info
210-219-3045

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