Off Market 31-doors apartment 🎥 | under $1.9M | $2.4M ARV - San Antonio, TX, 78219

[Steven Wesolowski]

under $1,900,000 | $2,400,000 ARV | Video Promo: https://www.wevideo.com/view/3769441361 BIG OPPORTUNITY! 31-UNIT CASH COWONLY 3 Vacancies! Hassle-Free Income Awaits! now $146,000 NOI !!! currently performing 7.6% cap rate, can easily bump up to 10%  currently 90% occupied as is. 31-doors in San Antonio, TX 78219  Asking Purchase Price just under $1.9M Down Payment: $50,000.00 Estimated Repairs Project: we recommend $250,000 budget  Avg. Rents: $800-$900 per month --it does have wiggle room to rent out at $950 per monthHowever, if converting into section 8 housing, your rents will be $1,100 per month Beds: 31 | Baths: 32 | SqFt: 18,207 | Build: 1972 | Lot: 1.675 acre  Closing date as fast as end of April!  Turnkey Investment – Minimal upkeep, maximum returns. Currently, it boasts a Net Operating Income (NOI) of $146,000 and a solid 7.6% cap rate Prime Location – Demand is strong, vacancy is low. Immediate Income Potential – Start earning from Day 1! Bonus: Proven ROI projections available for review.  The property features 31 low-maintenance, single-story units, ideal for streamlined management and reduced upkeep costs With market rents calling for $24,350 per month, the annual income can increase to $292,200. This would raise the NOI to $186,190 and push the cap rate to a remarkable 10%.  Each Units separately metered for utilities The property is currently 90.32% occupied, generating $21,000 in monthly rental income, 10 units are already renovated.