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San Antonio Quadplex w/ $60k Price Drop $450k

503 E Southcross Blvd, San Antonio
ROI
24.37% IRR
Strategy
Long Term Rental
This is a deal we lost out on a few weeks ago in a multi-offer situation. The property just came back to market after the buyer’s financing failed. The seller is motivated and dropped price significantly. All units are vacant. Lease comps support $1200 per door putting this well beyond the 1% Rule. Great for a long term buy/hold investor! Taxes $6528.

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San Antonio Quadplex w/ $60k Price Drop $450k

Listed 01/23/2025

503 E Southcross Blvd, San Antonio

Purchase Price:$450,000

Cash Outlay:$121,500

Cashflow:$1080/mo

Cap Rate:8.71%

IRR:24.37%

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