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Multifamily

San Antonio Sixplex

14110 Veneto Dr, San Antonio, TX 78233

Listing Price: $1,200,000

Cap Rate
3.70%
Number of Units
6
Occupancy
100.0%
Price/Unit
$200,000
Price/Gross SF
$160.64
Gross SF
7,470

Investment Overview

Built in 2017, the six unit property sits on 0.50 acres, and is conveniently located near the intersection of Interstate 35 and Loop 1604 in northeast San Antonio, Texas. The property is within walking distance to Wood Middle School, and less than ten miles to Randolph Air Force Base and San Antonio International Airport. The six unit community offers affordable living in one of Texas’ fastest growing regions. The units offer 1,245 square feet of living space with three bedrooms, two-and-a-half bathrooms, one car garage, and private backyard. Amenities include granite counter tops with breakfast bar, energy efficient appliances, solid surface flooring, canned lighting, spacious closets, and coffered ceilings. The property presents an opportunity to create significant value with rents 20% below market and continuing to grow over ten percent year to date. Additionally, new ownership will burn off any loss to lease as leases rollover and can establish new revenue streams through a revised pet policy including non-refundable deposits and monthly rents, washer and dryer appliance rental, and monthly lawn services. The property is offered ‘free and clear’ of debt, which provides flexibility and an excellent opportunity to take advantage of historically low rates.

Investment Highlights

  • CONVENIENT LOCATION & ACCESSIBILITY Located in the largest industrial submarket in central Texas and along one of the fastest-growing economic corridors in Texas.
  • STRONG DEMOGRAPHICS & MARKET FUNDAMENTALS The median household income within a one-mile radius of the property is over $60,000. Asking rents in the Northeast Market are up 10.5% on the year.
  • CURRENT RENTS SIGNIFICANTLY BELOW MARKET With rents over 20% below market, the property presents an opportunity to increase sash flow and create significant value as rates continue to grow.
  • ADDITIONAL INCOME & VALUE GENERATORS The property offers substantial opportunities to generate additional income and value through non-refundable pet fees, monthly pet rent, lawncare services, and washer and dryer rental.
  • FREE & CLEAR OF EXISTING DEBT The property is offered free and clear of existing debt which provides flexibility and an excellent opportunity to take advantage of historically low rates.

Exclusively Listed By

Multifamily

San Antonio Sixplex

Listing Price: $1,200,000

Cap Rate
3.70%
Number of Units
6
Occupancy
100.0%
Price/Unit
$200,000
Price/Gross SF
$160.64
Gross SF
7,470

Investment Highlights

  • CONVENIENT LOCATION & ACCESSIBILITY Located in the largest industrial submarket in central Texas and along one of the fastest-growing economic corridors in Texas.
  • STRONG DEMOGRAPHICS & MARKET FUNDAMENTALS The median household income within a one-mile radius of the property is over $60,000. Asking rents in the Northeast Market are up 10.5% on the year.
  • CURRENT RENTS SIGNIFICANTLY BELOW MARKET With rents over 20% below market, the property presents an opportunity to increase sash flow and create significant value as rates continue to grow.
  • ADDITIONAL INCOME & VALUE GENERATORS The property offers substantial opportunities to generate additional income and value through non-refundable pet fees, monthly pet rent, lawncare services, and washer and dryer rental.
  • FREE & CLEAR OF EXISTING DEBT The property is offered free and clear of existing debt which provides flexibility and an excellent opportunity to take advantage of historically low rates.

Investment Overview

Built in 2017, the six unit property sits on 0.50 acres, and is conveniently located near the intersection of Interstate 35 and Loop 1604 in northeast San Antonio, Texas. The property is within walking distance to Wood Middle School, and less than ten miles to Randolph Air Force Base and San Antonio International Airport. The six unit community offers affordable living in one of Texas’ fastest growing regions. The units offer 1,245 square feet of living space with three bedrooms, two-and-a-half bathrooms, one car garage, and private backyard. Amenities include granite counter tops with breakfast bar, energy efficient appliances, solid surface flooring, canned lighting, spacious closets, and coffered ceilings. The property presents an opportunity to create significant value with rents 20% below market and continuing to grow over ten percent year to date. Additionally, new ownership will burn off any loss to lease as leases rollover and can establish new revenue streams through a revised pet policy including non-refundable deposits and monthly rents, washer and dryer appliance rental, and monthly lawn services. The property is offered ‘free and clear’ of debt, which provides flexibility and an excellent opportunity to take advantage of historically low rates.

Exclusively Listed By

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