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San Antonio New Construction Triplex $495k

1522 S Elmendorf, San Antonio
ROI
14.19% IRR
Strategy
Long Term Rental
3 units occupied on long term leases. Each unit is a large 3 bed 2 bath. Current tenants pay $1350, $1500, $1400 for $4250 topline. Lease comps support $1500 per door. Tenants pay electric. Owner pays water/ Trash at $375 per mont. Motivated seller offering $20k in concessions either toward a rate buydown or price reduction. Taxes estimated at $9000.

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San Antonio New Construction Triplex $495k

Listed 09/20/2024

1522 S Elmendorf, San Antonio

Purchase Price:$495,000

Cash Outlay:$133,650

Cashflow:$334/mo

Cap Rate:6.19%

IRR:14.19%

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