Renovated Triplex in Denver Heights Perfect for STR

439 Porter St, San Antonio

ROI

24.38% IRR

Strategy

Multifamily Short Term Rental

Historic triplex built in 1936 with a completely updated interior gives the perfect charm for short term rental stays. Denver Heights is experiencing a rapid gentrification, and a high quality multifamily asset will perform well as that continues. With the right marketing and operations in place, this STR would produce over $2200/mo in cashflow for a cash yield of 16%. It doesn't have an HOA and San Antonio is very friendly to STR's, making it an easy property to get started. Potential value add too with zoning and wiring already in place for a 4th unit.

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Renovated Triplex in Denver Heights Perfect for STR

Listed 12/20/2022

439 Porter St, San Antonio

Purchase Price:$400.000

Cash Outlay:$116.000

Cashflow:$581/mo

Cap Rate:7.43%

IRR:21.33%

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