$575,000
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3 Beds
3 Baths
3,293 SqFt
SOLD DATE : 09/06/2023
Key Details
Property Type Multi-Family
Sub Type Multi-Family (2-8 Units)
Listing Status Sold
Purchase Type For Sale
Square Footage 3,293 sqft
Price per Sqft $174
Subdivision Tobin Hill
MLS Listing ID 1709425
Sold Date 09/06/23
Style Two Story
Bedrooms 3
Full Baths 3
Year Built 1930
Annual Tax Amount $14,524
Lot Size 0.321 Acres
Property Description
326 E. Mistletoe is a Spanish-style duplex from the 1930s, boasting a distinctive character and complemented by an additional efficiency unit plus an empty Lot. It holds a prime position at the corner of two spacious lots, totaling 0.321 acres, in the charming Tobin Hill neighborhood. The property's architectural style is original and reminiscent of the 1930s, with its characteristic design elements that add to its appeal. Consisting of three units, this triplex showcases varying sizes of one-bedroom and one-bathroom units that contribute to its individuality. Inside the duplex, you'll find hardwood floors that exude a warm and inviting ambiance. The duplex units are further enhanced by the presence of fireplaces, which add a touch of classic elegance and provide a cozy atmosphere. The property is also graced with beautiful archways, enhancing its visual charm. Zoned as RM-4, this classification creates an exciting opportunity to expand the property's potential by adding a fourth unit. This could significantly boost its capacity to generate rental income, making it an enticing prospect for savvy investors. The property's current configuration has proven highly successful, boasting a 100% occupancy rate. This track record highlights its capacity to provide a steady stream of income, making it a promising investment venture The property is being offered for sale in "as is" condition, affording the new owner the flexibility to personalize and renovate according to their preferences. This freedom could lead to the creation of a more modern and versatile four-unit structure with the use of the empty lot, maximizing the potential for income generation and modernizing the property to suit contemporary demands. This compelling investment opportunity is ideally situated in an up-and-coming location, making it even more appealing. Its unique architectural style, existing rental success, and potential for expansion make it a property that shouldn't be overlooked by investors looking for a promising venture in the real estate market. Whether choosing to retain its classic charm or embark on a modernization journey, this property holds the proposal of a lucrative and fulfilling investment to capture the markets of 2 nearby Universities (Incarnate Word & Trinity), 2 private schools (Keystone & the Academy), Fort Sam Houston, the Pearl, the museum reach & the zoo and being less than a mile from 281. Appraisal Sketch verifying square footage and Report of Structural Evaluation available in MLS. Being sold in Multi-Family and Lot & Acreage. * For further incentive, the Seller is offering a 2-1 buydown. Open house Sat 8/12 from 12-2, Sun 8/13 12-4
Location
State TX
County Bexar
Area 0900
Zoning RM-4
Direction E
Interior
Heating Other
Cooling Window/Wall, 3+ Window/Wall
Flooring Ceramic Tile, Wood
Exterior
Exterior Feature Stucco
Garage Spaces 3.0
Roof Type Tile,Flat,Other
Building
Sewer City
Water City
Schools
Elementary Schools Hawthorne
Middle Schools Hawthorne Academy
High Schools Edison
School District San Antonio I.S.D.
Others
Acceptable Financing Conventional, Seller Req/Qualify, Buydown, Cash, Investors OK
Listing Terms Conventional, Seller Req/Qualify, Buydown, Cash, Investors OK
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