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Tobin Hill 8-Unit Complex Next to San Antonio College and The Pearl

1625 McCullough Ave, San Antonio

ROI

19.01% IRR

Strategy

Mid Term Rental

Tobin Hill 8-unit complex next to San Antonio College and The Pearl. All units are 1 bed, perfect for furnished mid-term or short-term rentals. Gross $14-15k/mo. Eight-unit two story building with all 1 bed, 1 bath units 660sq ft each. Built in 1929. Five units currently rented for $800-900/mo, three vacant.

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Tobin Hill 8-Unit Complex Next to San Antonio College and The Pearl

Listed 12/08/2023

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1625 McCullough Ave, San Antonio

Purchase Price:$950,000

Cash Outlay:$364,000

Cashflow:$1,798/mo

Cap Rate:8.06%

IRR:19.01%

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