- Michaela Aden, ABR,MRP,PSA,REALTOR ®,e-PRO
- Premier Realty Group
- Mobile: 210.859.3251
- Mobile: 210.859.3251
- Mobile: 210.859.3251
- michaela3251@gmail.com
Property Photos
- MLS#: 1823327 ( Multi-Family (2-8 Units) )
- Street Address: 341 Avondale Ave
- Viewed: 34
- Price: $290,000
- Price sqft: $115
- Waterfront: No
- Year Built: 1942
- Bldg sqft: 2516
- Days On Market: 37
- Additional Information
- County: BEXAR
- City: San Antonio
- Zipcode: 78223
- Subdivision: Hotwells
- District: San Antonio I.S.D.
- Elementary School: Ball
- Middle School: Hot Wells
- High School: lands
- Provided by: K&E Realty
- Contact: Rayenari Suarez
- (210) 418-0067
- DMCA Notice
-
DescriptionUncover 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.
Features
Possible Terms
- Conventional
- Cash
- Investors OK
Accessibility
- Near Bus Line
- Level Lot
- Level Drive
- Wheelchair Adaptable
Air Conditioning
- Window/Wall
Annual Operating Expense
- 7000
Apprx Age
- 82
Builder Name
- UNKNOWN
Construction
- Pre-Owned
Contract
- Exclusive Right To Sell
Days On Market
- 25
Dom
- 25
Elementary School
- Ball
Exterior Features
- Siding
Flooring
- Wood
Foundation
- Slab
Green Features
- Drought Tolerant Plants
Heat
- None
Heating Fuel
- Other
High School
- Highlands
Home Owners Association Mandatory
- None
Instdir
- From 281 South turn right on S New Braunfels Ave. Turn right again on Avondale Ave. The property will be on the corner of Avondale Ave and Russi St.
Legal Desc Lot
- 42
Legal Description
- NCB 7628 BLK 3 LOT 42 E 20 FT OF 41
Meters
- Separate Electric
- Common Water
Middle School
- Hot Wells
Miscellaneous
- City Bus
Net Operating Income
- 40400
Op Exp Includes
- Taxes
- Insurance
Owner Lrealreb
- No
Ph To Show
- 210-222-2227
Property Type
- Multi-Family (2-8 Units)
Roofing
- Composition
Salerent
- For Sale
School District
- San Antonio I.S.D.
Source Sqft
- Appsl Dist
Style
- One Story
- Traditional
Total Tax
- 3792
Utility Supplier Elec
- CPS
Utility Supplier Grbge
- CITY
Utility Supplier Sewer
- SAWS
Utility Supplier Water
- SAWS
Views
- 34
Virtual Tour Url
- https://youtu.be/y3MnSCWzQ5Q
Year Built
- 1942
Zoning
- MF33
Property Location and Similar Properties