Value-Add 10 Unit with 2 Turnkey Units and 8 in Need of Rehab
312 Natalen Ave, San Antonio
ROI
42.02% IRR
Strategy
Value Add STR/MTR
Ideal setup and great location in Mahncke Park for mixed MTR/STR use. 10 units across 3 buildings totaling 7000sq ft, built in 1936 with on and off-street parking. Mix of 1 and 2 beds, 1 baths. 2 units are in turnkey condition with recent renovations, remaining 8 units need various levels of rehab (pro forma est. $25k per unit, plus $5k in furnishings/supplies). Separate electric, common water and gas. ARV $2mm+.
