341 Avondale Ave new Save Request In-Person Tour Request Virtual Tour
San Antonio,TX 78223
Key Details
Property Type Multi-Family
Sub Type Multi-Family (2-8 Units)
Listing Status Active
Purchase Type For Sale
Square Footage 2,516 sqft
Price per Sqft $115
Subdivision Hotwells
MLS Listing ID 1823327
Style One Story
Bedrooms 6
Full Baths 4
Construction Status Pre-Owned
Year Built 1942
Annual Tax Amount $3,792
Lot Size 9,801 Sqft
Property Description
Uncover an exceptional investment opportunity in this unique multi-unit property, perfect for maximizing rental income. Featuring an existing tenant-occupied ADU, this property delivers immediate cash flow with enormous future potential. Properties like this rarely come to market, especially one designed to offer four separate rental incomes. The main house is ready to be renovated into three individual units, each with immense earning potential. Imagine transforming Units 1 and 2 into one-bedroom, one-bathroom apartments, while the back unit becomes a spacious two-bedroom, one-bathroom rental. With the ADU already a fully functional two-bedroom, one-bathroom unit housing a long-term tenant, you'll start generating revenue from day one. Each unit is equipped with a separate city electricity meter, making management simple and efficient. This property is sold "as-is," giving you the freedom to shape each unit to suit your investment strategy. With renovations already started, you're set to take over and quickly finish the renovations to turn this property into a lucrative, high-yield investment. The seller also offers owner financing with an attractive interest rate, a five-year balloon, and no prepayment penalty-making it easier to capitalize on this rare find. Don't miss out on this fantastic investment in a property with boundless income potential.
Location
State TX
County Bexar
Area 1900
Zoning MF33
Interior
Heating None
Cooling Window/Wall
Flooring Wood
Exterior
Exterior Feature Siding
Garage Spaces 8.0
Roof Type Composition
Building
Foundation Slab
Construction Status Pre-Owned
Schools
Elementary Schools Ball
Middle Schools Hot Wells
High Schools Highlands
School District San Antonio I.S.D.
Others
Miscellaneous City Bus
Acceptable Financing Conventional,FHA,1st Seller Carry,Cash,Investors OK,Other
Listing Terms Conventional,FHA,1st Seller Carry,Cash,Investors OK,Other