1202 S General Mcmullen Dr, San Antonio, TX 78237
- $99,900
- 1,440
- SqFt
- List Price
- $99,900
- MLS#
- 2013741
- Status
- ACTIVE OPTION
- Number of Units
- 5
- County
- Bexar
- City
- San Antonio
- Subdivision
- Gardendale Area 8 Ed
- Living Area
- 1,440
- Acres
- 0.13
Property Description
INVESTOR ALERT - Fully Occupied 5-Plex with Long-Term Tenants! Turnkey income-producing property, this five-unit multifamily is 100% occupied by long-term tenants, generating $1,940/month in gross rental income ($23,280/year). Each unit is separately metered for electricity, with owner responsible for water only - keeping operating expenses low and predictable. Rent roll: $400 / $400 / $380 / $380 / $380. At only $19,980 per unit, this is an affordable multifamily investment with immediate income and significant value-add potential. Current rents are low, providing potential upside through future improvements and rent increases. Older property being sold with tenants in place and priced accordingly. Do not disturb tenants. Buyer to verify all information. Property sold as-is. Do not disturb tenants - showings require advance notice/appointment only. Verify all rents, square footage, unit count, and income/expense figures independently.
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Additional Information
- Days on Market
- 6
- Year Built
- 1950
- Builder Name
- Unknown
- Cooling
- Window/Wall, None
- Heating
- None
- Exterior Features
- Not Applicable/None
- Exterior
- Siding
- Roof
- Composition
- Floor
- Ceramic Tile, Wood, Vinyl
- School District
- Edgewood I.S.D
- Elementary School
- Perales
- Middle School
- Brentwood
- High School
- John F Kennedy
Mortgage Calculator
Listing courtesy of Listing Agent: Walter Owens (wallyowens@gmail.com) from Listing Office: Walter Ray Owens, Jr. - Broker.
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