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Renovated Multifamily STR in Trending Mahncke Park

358 Claremont Ave, San Antonio

ROI

22.51% IRR

Strategy

Short Term Rental

Renovated multifamily STR in trending Mahncke Park. 5 unit complex with 1 unit already furnished, registered with the city, and listed on AirBnB. All 2 bed, 1 baths. 3,691 sq ft 5 unit complex built in 1968 with 2 beds, 1 bath per unit. Fully rehabbed with fresh interiors, granite counters, 4 new AC units, landscaping, and carport roof. Unit 1 is already furnished and registered with San Antonio as a STR.

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Renovated Multifamily STR in Trending Mahncke Park

Listed 09/12/2023

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358 Claremont Ave, San Antonio

Purchase Price:$845,900

Cash Outlay:$300,688

Cashflow:$3,314/mo

Cap Rate:10.29%

IRR:22.51%

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