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Great Mahncke Park Mid-Term Rental Fourplex with Value-Add Opportunity Three Occupied Units, One Vacant and Needing Updates

315 Andrews St, San Antonio
ROI
21.20% IRR
Strategy
Mid Term Rental
Great Mahncke Park mid-term rental fourplex with value-add opportunity. Three occupied units, one vacant and needing updates. All 1 bed units. Two story fourplex built in 1948 with 1 bed, 1 bath units. Foundation and electrical recently updated, three units occupied and turnkey condition, one is vacant and needing repairs. Desirable Mahncke Park across from botanical gardens. Minutes from multiple hospitals, downtown, Ft Sam Houston, and airport.

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Great Mahncke Park Mid-Term Rental Fourplex with Value-Add Opportunity Three Occupied Units, One Vacant and Needing Updates

Listed 04/18/2023

315 Andrews St, San Antonio

Purchase Price:$429,000

Cash Outlay:$155,830

Cashflow:$724/mo

Cap Rate:7.20%

IRR:21.20%

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