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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  • MLS#: 1922874 ( Commercial Improved Prop )
  • Street Address: 2031 Fredericksburg
  • Viewed: 19
  • Price: $1,600,000
  • Price sqft: $169
  • Waterfront: No
  • Year Built: 1955
  • Bldg sqft: 9456
  • Days On Market: 23
  • Additional Information
  • County: BEXAR
  • City: San Antonio
  • Zipcode: 78201
  • District: San Antonio I.S.D.
  • Provided by: eXp Realty
  • Contact: Nacole Ricks
  • (956) 207-0456
  • San Antonio, TX MLS IDX
  • DMCA Notice
  • Description
    Positioned in San Antonio's highly desirable Museum District, this 18 unit multifamily property offers a unique combination of in place cash flow, renovation upside, and rooftop downtown skyline views. Located along the well traveled Fredericksburg corridor (20,000+ vehicles daily), the property is within walking distance to H E B, restaurants, coffee shops, and city transit delivering an ideal location for working professionals and Medical Center commuters alike. Originally built in 1955 and meticulously maintained, the building spans roughly 9,456 SF on a prime corner lot. Five of the 18 units have been recently renovated (2025 scope), featuring upgraded flooring, modern lighting, refreshed kitchens and baths, and improved fixtures. The remaining units present a straightforward value add opportunity to further increase rent potential. All units are individually metered for electricity, with 18 surface parking spaces and on site laundry facilities (ownership retains income). The flat rooftop provides expansive downtown San Antonio views offering potential for a branded rooftop deck or tenant amenity space. With strong in place occupancy and a proven rent roll (approx. $14,825/mo.), investors can achieve solid returns today and meaningful upside through additional renovations, RUBS implementation, and common area enhancements.
Features
Possible Terms
  1. Sale Only
Accessibility
  1. 36 inch or more wide halls
  2. Hallways 42" Wide
Annual Tax
  1. 16663
Apprx Age
  1. 70
Available W Lease
  1. No
Buildingcenter Name
  1. MARY LOUISE APARTMENTS
Ceiling Height
  1. 10
Construction
  1. Brick
Contract
  1. Exclusive Right To Sell
Existing Exmptabatements
  1. No
Flood Plain
  1. None
Foundation
  1. Other
Gas And Electric
  1. 4260
Instdir
  1. From I-10
  2. San Antonio
  3. head south on I-10 E. Take exit 567 toward TX-345Loop/Fredericksburg Rd/Woodlawn Ave. Merge onto Frontage Rd/I-10 Frontage Rd. Turn right onto W Mulberry Ave. Turn right onto Fredericksburg Rd/U.S. 87 Bus. Property is on the left.
Insurance
  1. 22996
Legal Description
  1. Ncb 6700 Blk 9 Lot 13
  2. 14 & E 15 Ft Of 12
Loading Facilities
  1. None
Net Operating Income
  1. 107437
Number Of Rentals
  1. 18
Num Total Parking
  1. 20
Number Of Units
  1. 18
Other Tax
  1. 283.65
Owner Lrealreb
  1. No
Ph To Show
  1. 9562070456
Property Type
  1. Commercial Improved Prop
Rail Service
  1. No
Restrictions
  1. Other
Roof
  1. Other
Sale Includes
  1. Buildings
  2. Land
School District
  1. San Antonio I.S.D.
School Tax
  1. 10794.03
Total Tax
  1. 16663.02
Utilities
  1. Electricity
  2. Gas
  3. Water
  4. Telephone
  5. Sewer
  6. Cable TV
Vacancy Rate / Year
  1. 10
Views
  1. 19
Waste Removal
  1. 5700
Water/Sewer
  1. 8400
Year Built
  1. 1955
Zoning
  1. MF-33