204 Florida St - Apartments FOR SALE


San Antonio, TX 78210
$670,000 USD
210-771-0334
204 Florida St, San Antonio, TX for Sale
$670,000 USD
Apartments - FOR SALE
1/15
null | 8.58% Cap Rate

204 Florida St
San Antonio, TX 78210


OVERVIEW

A rare multifamily opportunity in the Lavaca Historic District and Southtown corridor, the Florida Street Apartments are one of the few MF properties retaining the in-demand historic architectural detailing of the Lavaca and King William neighborhoods. Rear duplex building has been sold, remaining are 5 units in the main building. all vacated and refreshed. Ready for re-tenanting, additional value-add improvements or full or partial conversion to owner occupancy. The main bldg is 1929 construction and totals 4,455 SF. The lot with the 5 units is in the process of being replatted and totals .224 acres. $57,465 Annual Pro-Forma NOI. Asking price is $670,000. LOCATION: 204 Florida St, just west of the Florida/Carolina diamond interchange at I-37, and just off S. Presa in the Lavaca Historic District. Surrounded by iconic historic single family homes and top-of-the-market new construction townhomes, the Florida Street Apartments are walkable to all the famous restaurants of Southtown and downtown, and to the Mission Reach of the San Antonio River Hike & Bike Trail. This is a rapidly appreciating location with over 12,000 employees within a 1 mile radius.

FOR SALE DETAILS

PRICE

$670,000 USD

PRICE/SF

$109 USD /SF

# OF UNITS

5

PRICE/UNIT

$134,000

CAP RATE

8.58%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Florida Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

RM-4 CD H

APN/PARCEL ID

03009-007-0010

ASK ABOUT THIS PROPERTY

Stephen YndoYndo Commercial Real Estate CompanyMore Info
210-771-0334

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Stephen YndoYndo Commercial Real Estate CompanyMore Info
210-771-0334

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.