Exceptional Off-Market San Antonio Triplex $650k

141 E Woodlawn Ave, San Antonio

ROI

22.08% IRR

Strategy

Short Term Rental

Fair market value is $675k. Seller put over $100k into recent upgrades and the building is in an excellent area and in great condition. The lower level is a 3-bed unit. The upper apartments are both 1 bed units. Perfect for a househacker, or a short-term rental investor looking to leverage a utilitarian str model. Currently there are 3 mid-term tenants in-place paying $1280, $1280, $2160. They will either stay or vacate upon sale according to the new buyer’s discretion. 1-bedroom STR units in the area average $2000 per month and 3 bedrooms average approx $2700 per month. Projected topline revenue as a STR is $6700 / month. *furnishings included*

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Exceptional Off-Market San Antonio Triplex $650k

Listed 07/16/2024

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141 E Woodlawn Ave, San Antonio

Purchase Price:$650,000

Cash Outlay:$175,500

Cashflow:$806/mo

Cap Rate:9.64%

IRR:22.08%

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