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Occupied and Cash Flowing Fourplex with Light Value-Add Potential

1055 Santa Monica St, San Antonio
ROI
17.19% IRR
Strategy
Long Term Rental
Occupied and cash flowing fourplex with light value-add potential. Minutes from downtown, USAA, airport, and hospitals. Positive cash flow from day one. Single story quadplex built in 1935. Two units are 2bd/1ba ($650 and $775/mo), one 3bd/1ba ($740/mo), and one 1bd/1ba ($575/mo). All leases month to month, 5-10% below market rates. Light cosmetics and repairs needed when units turn over to command premium rents.

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Occupied and Cash Flowing Fourplex with Light Value-Add Potential

Listed 03/23/2023

1055 Santa Monica St, San Antonio

Purchase Price:$224,000

Cash Outlay:$82,780

Cashflow:$374/mo

Cap Rate:7.11%

IRR:17.19%

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