1702 W Craig PL
Property Description
1702 W Craig Place presents investors with the opportunity to acquire a well-positioned, income-producing 8-unit multifamily asset with attractive value-add potential in San Antonio's established Woodlawn Lake neighborhood. Originally constructed in 2005, the property is situated on approximately 0.26 acres and encompasses 4,704 square feet of rentable living area. The community features a balanced unit mix of four (4) one-bedroom/one-bathroom units and four (4) two-bedroom/one-bathroom units. The property offers investors consistent in-place cash flow with opportunities for continued revenue growth and operational improvements. Each residence is equipped with an individual central HVAC system and separately metered electricity. Private gated parking further enhances the resident experience, offering an added level of security and convenience within this established urban neighborhood. Strategically positioned on a prominent corner lot in San Antonio's Woodlawn Lake area, the property benefits from proximity to Downtown San Antonio, Woodlawn Lake Park, major transportation corridors, and a variety of employment, retail, and recreational destinations. The surrounding neighborhood is characterized by established residential communities, ongoing home renovations, selective infill development, and public infrastructure investment, contributing to the area's long-term residential appeal. The property's desirable unit mix, existing income stream, and potential for interior enhancements, strategic rent optimization, and improved operating efficiencies provide multiple avenues for new ownership to increase net operating income and enhance overall asset value. Additionally, its location within an established infill neighborhood offers investors the opportunity to benefit from continued community reinvestment and potential long-term appreciation. 1702 W Craig Place represents a compelling opportunity to acquire a cash-flowing multifamily investment with meaningful value-add potential in one of San Antonio's established residential submarkets. The combination of current income, manageable asset size, individual utility metering, and opportunities for operational upside makes this offering particularly attractive to private investors, yield-focused buyers, and 1031 exchange purchasers seeking a well-located multifamily asset with both immediate income and long-term growth potential.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $790,000 |
| Year Built: | 2005 |
| Lot Size: | 4,704.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-SABORTX-2022272
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