718 San Antonio Ave - Multi-Family FOR SALE


Seguin, TX 78155
$285,000 USD
830-303-1948
718 San Antonio Ave, Seguin, TX for Sale
$285,000 USD
Multi-Family - FOR SALE
1/14
null | 6.4% Cap Rate

718 San Antonio Ave
Seguin, TX 78155


OVERVIEW

Turnkey multifamily CRE investment property in one of the country’s fastest growing and most economically vibrant areas. Units consist of one 2 br, 1 bath unit (slab foundation) and one 1 br, 1 bath unit (pier and beam construction), each with their own laundry room. Long-term tenants (15-20 years) with leases in place; one is a section 8 tenant. Minimal overhead; rents at close to market with long-term tenants under lease. Tenants pay all utilities and are responsible for lawn care. Features updated in 2024-25 include: • New metal roof on both structures • Both units have new siding, insulation and stud and beam replacement where any evidence of decay or rot existed • Exterior of both units painted • New energy efficient windows in 2 bed unit. • All items noted on inspections addressed (seller will share the original inspection and termite reports with an accepted offer). • Carport converted to 1 car, enclosed garage. • 1 bed / 1 bath unit leveled with new piers installed & numerous beams replaced • New front door on 1 bed / 1 bath unit • Minor kitchen updates made in 1 bed / 1 bath unit • Bathroom, laundry remodeled in 1 bed / 1 bath unit • New city compliant water heater closet on 1 bed / 1 bath unit • Dead and problematic trees were trimmed back or removed altogether No showings unless under contract; internally or externally. If you drive by, please do not disturb the tenants. Buyer managed NOI of 85% and Cap Rate of 5.5% based on actual costs. TERMS: Cash or conventional finance. No seller financing.

FOR SALE DETAILS

PRICE

$285,000 USD

PRICE/SF

$197 USD /SF

# OF UNITS

1

PRICE/UNIT

$285,000

CAP RATE

6.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

San Antonio St Multi

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R1

APN/PARCEL ID

1G1100-0002-00100-0-00

ASK ABOUT THIS PROPERTY

Karen RiznerVantage Real Estate Group, LLCMore Info
830-303-1948

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Karen RiznerVantage Real Estate Group, LLCMore Info
830-303-1948

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