3221 N Flores
Property Description
Alta Vista Value-Add Multifamily | 6 Units | Over 4,000 SF Exceptional value-add multifamily opportunity in the desirable Alta Vista neighborhood. This 6 unit property totaling over 4,000 square feet is being offered as an estate sale and presents substantial upside for investors seeking a repositioning or redevelopment play.The property is not currently operating at market efficiency. There are no long-term leases in place. Three of the six units are occupied on a month-to-month basis at below-market rents, offering immediate rent-growth potential. One unit is occupied by a family member at no rent, and another unit is a 2-bedroom / 1-bath currently under construction, providing a clear path to additional value upon completion by the new owner. The remaining unit offers further opportunity for optimization.Notable features include a central courtyard, on-site parking lot, and a in-ground swimming pool. Rare amenities that support future rent premiums once the property is stabilized and professionally managed.Located along N Flores, the asset benefits from proximity to downtown San Antonio, The Pearl, and major employment centers, making it well-positioned for long-term demand. This is a true investor asset ideal for rent optimization, light-to-moderate renovation, completion of existing improvements, and professional management. Strong fundamentals, flexible occupancy, and multiple value-creation strategies make this an increasingly rare opportunity in Alta Vista.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $895,000 |
| Year Built: | 1926 |
| Lot Size: | 4,039.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-SABORTX-1939828
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