Updated about 14 hours ago on .
RARE rent ready C-3/MF-33 DUPLEX FOR SALE!! San Antonio, TX 78213 $175k [$250k+ ARV]
I have an extremely rare duplex property available in the highly sought-after 78213 zip code, situated right next to the prestigious Lockhill Estates and Castle Hills neighborhoods.
This property is a duplex located in San Antonio, Texas 78213. It offers a truly exceptional value proposition due to its unique zoning and potential for future development.
Property Details:
- Price: $175,000.00
- down payment required.
- Total Square Footage: 2,903 sq. ft.
- Lot Size: 0.219 acres
- Year Built: 1970
- Units: Two 2-bedroom, 1-bathroom units (2/1 & 2/1)
- Suggested Rehab Estimate (for Flip): $20,000 (investor's choice)
- ARV: $250,000+ (depending on the scope of work)
- Ready to close before end of September! Solid opportunity!
What makes this property stand out is its C-3 / MF-33 zoning, a non-existent opportunity at this price point. This allows for significant future flexibility, from renovating the current duplex to building a small apartment complex. The potential for higher density is stellar!
The duplex itself is ready for tenants. While one meter services both units, which is a great way to increase cash flow, each unit has its own interior electrical panel. We also have a foundation company prepared to provide an estimate for new concrete piers for approximately $10,000 to $12,000, should that be the path you choose.
The property is also located in an area with a strong rental market and is zoned for Churchill High School, a top-tier school district, which makes it highly attractive to potential tenants.
Even without considering the existing structure, the land alone is a valuable asset, with the county assessing its value at $95,000. This means the duplex on top is essentially a bonus.
Reach me at (832) 266-3656 for more details
