Tobin Hill Lofts | 327 E Locust St
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Tobin Hill Lofts 327 E Locust St
14 Unit Apartment Building $2,050,000 ($146,429/Unit) San Antonio, TX 78212
Investment Highlights
- Near Downtown San Antonio, The Pearl Brewery, and St. Mary's
- New Cattle Fencing, Secured Access, and Laundry Room
- 100% Occupied with Strong Rental History
- Newly Installed Fixtures, Courtyard, and Amenities
- Private Covered Parking with Ample Street Parking
- Value Add Opportunities Still Present
Executive Summary
Introducing The Tobin Hills Lofts at 327 E Locust St, an exceptional multifamily property in the heart of San Antonio, TX. This 10,926 SF building, featuring 14 modern units, built in 1963 and renovated in 2023. Zoned MF-33. New cattle fencing installed around the entire .42 Acres, private covered tenant parking with ample street parking, upgraded laundry room, and new building security access. High end finishes and fixtures installed throughout including an upgraded courtyard with hammocks, landscaping, and communal fire pit. This property is stabilized at 100% occupancy with value add opportunities still present.
The apartment complex is located in a highly desirable area near downtown San Antonio, the popular Pearl Brewery development, St. Mary's strip, and plenty of walkable retail and dining options. I-35N, HWY 281, and the city's major thoroughfares are a short drive away, meaning easy central access for tenant commutes.
The apartment complex is located in a highly desirable area near downtown San Antonio, the popular Pearl Brewery development, St. Mary's strip, and plenty of walkable retail and dining options. I-35N, HWY 281, and the city's major thoroughfares are a short drive away, meaning easy central access for tenant commutes.
Financial Summary (Pro forma - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$208,320
|
$29.73
|
| Other Income |
$8,400
|
$1.20
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$216,720
|
$30.93
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$46,344
|
$6.61
|
| Net Operating Income |
$170,376
|
$24.32
|
Financial Summary (Pro forma - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $208,320 |
| Annual Per SF | $29.73 |
| Other Income | |
|---|---|
| Annual | $8,400 |
| Annual Per SF | $1.20 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $216,720 |
| Annual Per SF | $30.93 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $46,344 |
| Annual Per SF | $6.61 |
| Net Operating Income | |
|---|---|
| Annual | $170,376 |
| Annual Per SF | $24.32 |
Property Facts
| Price | $2,050,000 | Building Class | C |
| Price Per Unit | $146,429 | Lot Size | 0.43 AC |
| Sale Type | Investment | Building Size | 7,006 SF |
| No. Units | 14 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1963/2023 |
| Apartment Style | Garden |
| Price | $2,050,000 |
| Price Per Unit | $146,429 |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 7,006 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2023 |
Unit Amenities
- Air Conditioning
- Cable Ready
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Oven
- Tub/Shower
- Walk-In Closets
- Wi-Fi
- Dining Room
Site Amenities
- 24 Hour Access
- Courtyard
- Fenced Lot
- Laundry Facilities
- Picnic Area
- Grill
- Pet Play Area
- Trash Pickup - Curbside
- Public Transportation
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Walk Score ®
Very Walkable (82)
Bike Score ®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 01738-003-0070 | Improvements Assessment | $698,430 |
| Land Assessment | $534,460 | Total Assessment | $1,232,890 |
PROPERTY TAXES
Parcel Number
01738-003-0070
Land Assessment
$534,460
Improvements Assessment
$698,430
Total Assessment
$1,232,890
zoning
| Zoning Code | MF-33 (Multi-Family District) |
| MF-33 (Multi-Family District) |
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Tobin Hill Lofts | 327 E Locust St
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