Palo Alto | 11327 Clearmine St
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Palo Alto 11327 Clearmine St
4 Unit Apartment Building $975,000 ($243,750/Unit) 6% Cap Rate San Antonio, TX 78224
Investment Highlights
- Convenient location
- Subway tile shower enclosure
- Covered patio
- granite countertops
- Tile flooring in wet areas, living room and kitchen
- Garage door opener
Executive Summary
Interest rate incentives from 4.99% if financed through the builder's preferred
lender. We are located on the booming south side of San Antonio near Palo Alto College and Texas A&M San Antonio. Multiple large employers, including over ten thousand employed by the Toyota factory and its subsidiaries, are here. Each unit is 1362 square feet and has three bedrooms, two and a half baths, a one-car garage, and a covered patio. The total square feet per building is 5448. All kitchen appliances, including a Refrigerator, stove, microwave, and dishwasher, are included in each unit. The finished units have luxurious upgrades, including granite countertops, luxury vinyl plank flooring, subway tile showers, oil-rubbed bronze fixtures, and stainless steel appliances.
lender. We are located on the booming south side of San Antonio near Palo Alto College and Texas A&M San Antonio. Multiple large employers, including over ten thousand employed by the Toyota factory and its subsidiaries, are here. Each unit is 1362 square feet and has three bedrooms, two and a half baths, a one-car garage, and a covered patio. The total square feet per building is 5448. All kitchen appliances, including a Refrigerator, stove, microwave, and dishwasher, are included in each unit. The finished units have luxurious upgrades, including granite countertops, luxury vinyl plank flooring, subway tile showers, oil-rubbed bronze fixtures, and stainless steel appliances.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$79,200
|
$14.54
|
| Other Income |
$3,600
|
$0.66
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$82,800
|
$15.20
|
| Taxes |
$16,000
|
$2.94
|
| Operating Expenses |
$8,096
|
$1.49
|
| Total Expenses |
$24,096
|
$4.42
|
| Net Operating Income |
$58,704
|
$10.78
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $79,200 |
| Annual Per SF | $14.54 |
| Other Income | |
|---|---|
| Annual | $3,600 |
| Annual Per SF | $0.66 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $82,800 |
| Annual Per SF | $15.20 |
| Taxes | |
|---|---|
| Annual | $16,000 |
| Annual Per SF | $2.94 |
| Operating Expenses | |
|---|---|
| Annual | $8,096 |
| Annual Per SF | $1.49 |
| Total Expenses | |
|---|---|
| Annual | $24,096 |
| Annual Per SF | $4.42 |
| Net Operating Income | |
|---|---|
| Annual | $58,704 |
| Annual Per SF | $10.78 |
Property Facts
| Price | $975,000 | Building Class | B |
| Price Per Unit | $243,750 | Lot Size | 3.67 AC |
| Sale Type | Investment | Construction Status | Under Construction |
| Cap Rate | 6% | Building Size | 5,448 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Parking Ratio | 0.37/1,000 SF |
| Apartment Style | Townhome | Opportunity Zone |
Yes
|
| Price | $975,000 |
| Price Per Unit | $243,750 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 3.67 AC |
| Construction Status | Under Construction |
| Building Size | 5,448 SF |
| No. Stories | 2 |
| Year Built | 2025 |
| Parking Ratio | 0.37/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Fenced Lot
- Car Charging Station
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PROPERTY TAXES
| Parcel Number | 14552-000-0020 | Total Assessment | $210,830 (2023) |
| Land Assessment | $210,830 (2023) | Annual Taxes | $16,000 ($2.94/SF) |
| Improvements Assessment | $0 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
14552-000-0020
Land Assessment
$210,830 (2023)
Improvements Assessment
$0 (2023)
Total Assessment
$210,830 (2023)
Annual Taxes
$16,000 ($2.94/SF)
Tax Year
2024
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Palo Alto | 11327 Clearmine St
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