Multifamily Income Property | 421 Maverick St
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Multifamily Income Property 421 Maverick St
15 Unit Apartment Building $2,300,000 ($153,333/Unit) 5.50% Cap Rate San Antonio, TX 78212
Investment Highlights
- 2 joined lots totaling ±25,178 Ground SF
- Minimal future Capex investment
- Great connectivity to downtown San Antonio and proposed baseball stadium
- Fully leased up with 92% renewed tenants and 7% rent increases YoY
- Multifamily income property with solid redevelopment opportunity. Located next to San Antonio College
- Must sign NDA for financial information
Executive Summary
2 joined lots totaling ±25,178 Ground SF • 2 story multifamily w/ 8 units • 2 story duplex • 2 story duplex • 2 story A-frame dwelling
Great connectivity to downtown San Antonio and the proposed baseball stadium.
Full Offering Memorandum available with NDA on NAI Excel's property website https://helloarti.com/view/77207
Great connectivity to downtown San Antonio and the proposed baseball stadium.
Full Offering Memorandum available with NDA on NAI Excel's property website https://helloarti.com/view/77207
Property Facts
| Price | $2,300,000 | Apartment Style | Garden |
| Price Per Unit | $153,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.57 AC |
| Cap Rate | 5.50% | Building Size | 11,171 SF |
| No. Units | 15 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1985 |
| Property Subtype | Apartment |
| Price | $2,300,000 |
| Price Per Unit | $153,333 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.57 AC |
| Building Size | 11,171 SF |
| No. Stories | 2 |
| Year Built | 1985 |
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 15 | - | - |
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Walk Score ®
Very Walkable (84)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $195,770 | |
| Land Assessment | $681,960 | Total Assessment | $877,730 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$681,960
Improvements Assessment
$195,770
Total Assessment
$877,730
zoning
| Zoning Code | MF-33 (Medium density multi-family zoning district in San Antonio, Texas. It allows for a maximum density of 33 units per acre.) |
| MF-33 (Medium density multi-family zoning district in San Antonio, Texas. It allows for a maximum density of 33 units per acre.) |
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Multifamily Income Property | 421 Maverick St
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