San Antonio 9-Plex $1.1M
403 W Hollywood Ave, San Antonio
ROI
15.81% IRR
Strategy
Mid Term Rental
Turnkey 9-plex with one unit occupied. The other 8 are vacant and ready for tenants. It’s a high tenant demand location being just a few minutes north of downtown. Lease comps are $1100 per door with projected income at $9900. Asking price is $1.2M. I don’t think they will receive an offer at that level during this time of year. There's also opportunity to furnish these units and execute a MTR / STR strategy. $18k taxes.
