Value-Add 10 Unit in Mahncke Park with 2 Turnkey Units and 8 in Need of Rehab

312 Natalen Ave, San Antonio
42.02% IRR
Mid Term Rental
Value-Add 10 unit in Mahncke Park with 2 turnkey units and 8 in need of rehab. Ideal setup and great location 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+.

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Value-Add 10 Unit in Mahncke Park with 2 Turnkey Units and 8 in Need of Rehab

Listed 05/04/2023

312 Natalen Ave, San Antonio

Purchase Price:$1,200,000

Cash Outlay:$574,000


Cap Rate:14.14%


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