1535 W Laurel
Property Description
MOTIVATED SELLER - Exceptional income potential awaits with this multifamily investment property in San Antonio - already producing $6,450/month on day-one income from Units 2, 3, and 4 (currently leased to 8 residents renting by the room). This property has a set of 2 duplexes built in 2020, on a single MF-33 zoned lot. Each of the four units offer identical 3-bedrooms and 2 full baths. Unit 1 is vacant so you can live in it or rent it out. Unit 2 has 3 tenants. Unit 3 has 3 tenants. Unit 4 has 2 tenants and 1 vacant room. That leaves you with 4 vacant bedrooms. OPTION 1: Lease Unit 1 the traditional way at $1,350/month and rent the vacant room at $850 each, bringing total gross monthly income to $8,650 (103,800 annually). OPTION 2: follow the current owner's proven by-the-room strategy, renting all 4 vacant bedrooms individually at $850/month each for a total gross monthly income of $9,850 (a potential $118,200 annually). OPTION 3: This property is also a house hacking dream for owner-occupants: live in Unit 1 and rent out the vacant room at $850, for a total gross monthly income $7,300 ($87,600 annually) while living virtually rent-free. OPTION 4: Go aggressive by living in a single room within Unit 1 and renting the 3 vacant rooms at $850 each, generating $9,000/month ($108,000 annually) toward your housing costs and beyond. Ideally located with easy access to I-10, residents enjoy proximity to downtown San Antonio, the Pearl District, La Cantera, The Rim, Six Flags Fiesta Texas, San Antonio College and St. Mary's University. Whether you're scaling a rental portfolio or house hacking your way into ownership, this property offers multiple paths to strong returns.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $690,000 |
| Year Built: | 2020 |
| Lot Size: | 4,424.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-SABORTX-1998762
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout