Headshot for Associate Michaela Aden
  1. Michaela Aden, ABR,MRP,PSA,REALTOR ®,e-PRO
  2. Premier Realty Group
  3. Mobile: 210.859.3251
  4. Mobile: 210.859.3251
  5. Mobile: 210.859.3251
  6. michaela3251@gmail.com
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Property Photos
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  • MLS#: 1912457 ( Multi-Family (2-8 Units) )
  • Street Address: 118 Funston Pl
  • Viewed: 26
  • Price: $949,999
  • Price sqft: $125
  • Waterfront: No
  • Year Built: 1954
  • Bldg sqft: 7590
  • Days On Market: 26
  • Additional Information
  • County: BEXAR
  • City: San Antonio
  • Zipcode: 78209
  • Subdivision: Mahncke Park
  • District: San Antonio I.S.D.
  • Elementary School: Lamar
  • Middle School: Mark Twain
  • High School: Edison
  • Provided by: Real Broker, LLC
  • Contact: Michael Vasquez
  • (855) 450-0442
  • San Antonio, TX MLS IDX
  • DMCA Notice
  • Description
    This offering features a 9 unit multifamily property in the highly desirable Mahncke Park, with an additional single family home at 417 Margaret Ave offered separately at $160,000. Known for its tree lined streets, historic character, and proximity to downtown, the Pearl District, and major employment hubs, Mahncke Park continues to be one of the city's most sought after rental markets. The multifamily property totals 7,590 SF on a 0.33 acre lot, with a strong unit mix of one bedroom, two bedroom, and studio layouts. Built in 1954, the asset combines classic architecture with functionality and recent updates, including exterior paint (2021), select AC replacements, and a solid roof minimizing near term capital requirements. With solid operations and multiple investment strategies, this property provides both immediate income and long term upside. Whether held as a cash flowing asset, repositioned with value add improvements, or redeveloped in the future, the opportunities here are substantial.
Features
Possible Terms
  1. Conventional
  2. Cash
Air Conditioning
  1. Multi-Unit Central
  2. Window/Wall
Annual Operating Expense
  1. 68051
Apprx Age
  1. 71
Block
  1. 51
Builder Name
  1. UNKNOWN
Construction
  1. Pre-Owned
Contract
  1. Exclusive Right To Sell
Days On Market
  1. 12
Dom
  1. 12
Elementary School
  1. Lamar
Exterior Features
  1. Brick
  2. Other
Flooring
  1. Vinyl
Foundation
  1. Slab
Heat
  1. Central
  2. Window Unit
Heating Fuel
  1. Other
High School
  1. Edison
Home Owners Association Mandatory
  1. None
Instdir
  1. From Downtown San Antonio
  2. head north on Broadway toward Brahan Blvd
  3. then turn right onto Funston Pl-118 Funston Pl will be on your right.
Legal Desc Lot
  1. 51
Legal Description
  1. NCB 6142 BLK LOT 51 E 45.8 FEET OF 50
Meters
  1. Separate Electric
  2. Common Water
  3. Other
Middle School
  1. Mark Twain
Net Operating Income
  1. 58549
Op Exp Includes
  1. Taxes
  2. Insurance
  3. Maintenance
  4. Management
  5. Other
Owner Lrealreb
  1. No
Ph To Show
  1. (562) 755-7049
Property Type
  1. Multi-Family (2-8 Units)
Roofing
  1. Built-Up/Gravel
Salerent
  1. For Sale
School District
  1. San Antonio I.S.D.
Source Sqft
  1. Appsl Dist
Style
  1. Two Story
Total Tax
  1. 20431.65
Views
  1. 26
Water/Sewer
  1. City
Year Built
  1. 1954
Zoning
  1. MF-33