Homes for sale - 500 BURTON, San Antonio, TX 78221

Tanisha Perona

Broker Associate

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$ 1,350,000

Est. payment | -/mo

13 Beds

8 Baths

7,854 SqFt

$ 1,350,000

Est. payment | -/mo

13 Beds

8 Baths

7,854 SqFt

Key Details

Sold Price $1,350,000

Property Type Multi-Family

Sub Type Multi-Family (2-8 Units)

Listing Status Sold

Purchase Type For Sale

Square Footage 7,854 sqft

Price per Sqft $171

Subdivision San Jose Townsite

MLS Listing ID 1809477

Sold Date 12/05/24

Style Two Story

Bedrooms 13

Full Baths 8

Construction Status Pre-Owned

Year Built 1984

Annual Tax Amount $14,277

Lot Size 0.367 Acres

Property Description

Opportunity Knocks. Built in 1984, this cashflow positive 12 unit apartment community has room to add value for an increased NOI. With a new roof in 2022, and a restriped resealed parking lot, new fence, new courtesy cameras, and an exterior facelift in 2023, this property has been very well maintained, with several major recently completed improvements. 9 of 12 units have been updated with new flooring, paint and other cosmetic touches. All units have individual electric meters, water heaters, and central HVAC systems. The onsite laundry facility, green space, and picnic area make residents feel right at home. Value add opportunities include updating 3 classic units, adding an additional washer and dryer to eh laundry facility, offering premium parking, trash porter service, cable package, converting the green space into a dog park or BBQ pit, and converting the apartments into an "All Bills Paid" community.

Location

State TX

County Bexar

Area 2100

Zoning R-6 CD

Interior

Heating Central

Cooling Unit Central

Flooring Carpeting, Vinyl

Exterior

Exterior Feature Stucco, Siding

Garage Spaces 13.0

Roof Type Composition

Building

Foundation Slab

Sewer City

Water City

Construction Status Pre-Owned

Schools

Elementary Schools Bellaire

Middle Schools Terrell Wells

High Schools Mccollum

School District Harlandale I.S.D

Others

Acceptable Financing Conventional, Cash, Investors OK

Listing Terms Conventional, Cash, Investors OK

Listed by Jordan Brandt • Spring House Realty • (817) 600-2400

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+1(401) 484-0130

tanisha@rwgrealty.com

East Providence

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500 BURTON San Antonio, TX 78221