Do Real Estate on the Go!
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Do Real Estate on the Go!
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$1,290,000
8 Beds
- 4 Baths
3,014sqft
120 E Magnolia Ave, San Antonio, TX 78212
$1,290,000
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Duplex
Built in 1919
$-- HOA
6,272.64 sqft lot
$428/sq.ft
Description
Prime investment opportunity in the heart of San Antonio! 120 E Magnolia Ave is a fully stabilized fourplex generating strong cash flow with a projected Gross Scheduled Income of $139,200 per year. The property features two units (101 & 201) operating as Airbnb rentals with active 3-year city permits, each producing $3,800/month. Unit 102 is leased at $1,800/month, and Unit 202 has a projected market rent of $2,200/month. Total monthly income at stabilization is $11,600. Operating expenses are modest at just $18,763 annually, including insurance, taxes, water, internet, and landscaping, resulting in a Net Operating Income (NOI) of $120,436.29. At the current asking price...
Continue ReadingProperty Details
Status
Pending
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1919
HOA Fees
-
Finished Area
3,014 sqft
Lot Size
6,272.64 sqft lot
Basement Area
- sqft
MLS Name
LERA MLS
MLS Number
1908192
MLS Status
PND
Days on Market
90
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