FREE book: The Book on Texas Real Estate Investing — download now

$60k Price Drop! Fully Occupied 8 Unit Apartment Complex Rented 10% Below Market with Potential for Light Value-Add

2811 Observation Dr, San Antonio
ROI
17.50% IRR
Strategy
Long Term Rental
$60k price drop! Fully occupied 8 unit apartment complex rented 10% below market with potential for light value-add. 8 unit unit apartment complex built in 1975 with 2bd, 1ba units averaging $895/mo (market rents $1000/mo). On site laundry, separate electric meters, common water and gas. Well maintained older neighborhood with some gentrification occurring. Next to 410 & 90, minutes from Lackland AFB and Seaworld.

Enter your email to download the proforma

< Back to Daily Deals

$60k Price Drop! Fully Occupied 8 Unit Apartment Complex Rented 10% Below Market with Potential for Light Value-Add

Listed 04/18/2023

2811 Observation Dr, San Antonio

Purchase Price:$799,000

Cash Outlay:$279,680

Cashflow:$970/mo

Cap Rate:7.26%

IRR:17.50%

Talk to an agent about this property

Get a response in less than 24 hours.
Message

See other properties

Long Term Rental

Baytown 4-Unit Cash Cow With $6550/mo Income – $450k

2633 W Main St, Baytown

Purchase Price:$450,000

Cash Outlay:$121,500

Cashflow:$2,118/mo

Cap Rate:11.49%

IRR:38.22%

Long Term Rental

Dallas Pair of Duplexes Exceeding the 1% Rule – $650k

2250/2254 Areba St Unit A&B, Dallas

Purchase Price:$650,000

Cash Outlay:$175,500

Cashflow:$1,028/mo

Cap Rate:7.74%

IRR:20.04%

Long Term Rental

Stephenville Student Housing Quad Near Tarleton State – $650k

852 W Vanderbilt, Stephenville

Purchase Price:$650,000

Cash Outlay:$175,500

Cashflow:$65/mo

Cap Rate:5.96%

IRR:11.42%

Long Term Rental

San Antonio Quadplex Hitting the 1% Rule | $400k

507 Oregon St, San Antonio

Purchase Price:$400,000

Cash Outlay:$108,000

Cashflow:$562/mo

Cap Rate:7.52%

IRR:19.00%

Long Term Rental

Houston Full Duplex Producing $3,750/mo in Katy ISD | $450k

5216 & 5218 Beaverbrook Dr, Houston

Purchase Price:$450,000

Cash Outlay:$121,500

Cashflow:$403/mo

Cap Rate:6.91%

IRR:16.04%

Long Term Rental

Dallas Proper Newer-Built Duplex Producing $5,700/mo | $700k

1654-1656 Hudspeth Ave, Dallas

Purchase Price:$700,000

Cash Outlay:$189,000

Cashflow:$678/mo

Cap Rate:7.00%

IRR:16.47%