403 Terrell Ave - Apartments FOR SALE


San Antonio, TX 78214- Mission San Jose
$500,000 USD
830-237-5356
403 Terrell Ave, San Antonio, TX for Sale
$500,000 USD
Apartments - FOR SALE
1/47
null | Request Cap Rate

403 Terrell Ave
San Antonio, TX 78214
Mission San Jose


HIGHLIGHTS

  • 3 Buildings
  • 7 units
  • Proximity to Hospitals

OVERVIEW

PRIME MULTI-FAMILY INVESTMENT OPPORTUNITY | 7 UNITS IN HARLANDALE Discover this exceptional 7-unit multi-family investment property strategically located in the Harlandale ISD area of San Antonio. This well-positioned asset presents a compelling opportunity for investors seeking strong cash flow potential in a high-demand rental market. PROPERTY HIGHLIGHTS: The property features a thoughtfully designed layout with three distinct structures: A two-story main building housing 4 units A detached rear structure containing 2 units A separate stand-alone unit Additional storage shed providing valuable utility space INVESTMENT ADVANTAGES: Zoned MF33, offering flexibility for future development Professional property management already in place Recently improved units ready for immediate rental Ample on-site parking for residents Multiple units renovated and rent-ready LOCATION BENEFITS: This property enjoys exceptional connectivity, positioned: Less than 6 miles from downtown San Antonio Quick access to major thoroughfares: I-37, Loop 410, and I-35 Within the respected Harlandale Independent School District This turnkey investment opportunity combines the advantages of professional management, recent improvements, and a prime location to deliver strong potential returns. The property's diverse unit mix and strategic positioning make it an attractive option for investors looking to expand their portfolio in San Antonio's growing rental market. Reach out to us today to schedule a viewing or receive detailed financial information about this promising investment opportunity. This property requires a 24-hour notice to the tenants. The vacant units can be seen, but occupied units will only be seen via an accepted offer and during a feasibility period. Per the Property Manager: "Please find attached the 403 Terrell #4, 5, & 7 leases. I have also attached the Cash flow reports for 2024. Unit #1 was vacated on April 30th, 24. It wasn't left pretty. It has been on the market since June 27th. Unit 2 has been vacant since Oct. 2022 Unit 3 has been vacant since Jan. 12, 2025. Unit 6 has been vacant since June 6, 2024, and on the market since Sept." Should the units all be leased and have a standard occupancy, the property would have somewhere around $57,000 Gross Operating Income.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$192 USD /SF

# OF UNITS

7

PRICE/UNIT

$71,429

CAP RATE

Request Cap Rate

% LEASED

42%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

MF33

APN/PARCEL ID

07705-004-0120

ASK ABOUT THIS PROPERTY

Andrew PhillipsSRE CommercialMore Info
830-237-5356

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Andrew PhillipsSRE CommercialMore Info
830-237-5356

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