$130,000
1200 Cincinnati Ave, San Antonio, TX 78201
Current Rent **
$1,800
Projected Rent **
N/A
MF-33 LOT to Develop!! - Walking distance to Woodlawn Lake, San Antonio, TX - Developers wanted! - Cash sale, or HM
Lot Size: 0.18 (Land zoning is MF-33 which would allow for 4-5 units built on the lot)
Deal Details:
*One of my buyers was planning on building out an 1800 sq ft home on this lot... she flipped the 1579 sq ft home next door and sold it in 25 days for $306,000.
*The land is already cleared and level. Water and sewer are in place. The electrical tripod with meter is set to go in already.
*She has all the plans approved for an 1800 sq ft house, should any investor wanted to build a home, or instead develop a multi-family property.
*The plans include a quote for the foundation, roof, and structure of the home.
_________________________________________
COMPS DETAILS:
I included two land sale comps in our packet.
*2237 W Mistletoe San Antonio TX 78201: This lot sold for $72,000 and was located in the flood zone. No utilities, or MF-33 zoning.
*202 N Josephine Tobin Dr San Antonio TX 78201: This lot had views of the lake and sold for $140,000 in 51 days. No utilities, or MF-33 zoning.
________________________________
I included two SOLD rehabbed comps that both closed at $196.69/sq ft
*1524 Cincinnati: Sold for 306,000 USD in only 25 Days of being in the Market!
*622 Josephine Tobin Dr: Sold for 335,000 in 12 days!! (VA LOAN.....WHOA)
*********CASH SALE OR WITH AN APPROVED HARD MONEY LENDER*******
David Serna
(210) 772-3410
[email protected]
LREA#: 707988
Location:
1200 Cincinnati Ave, San Antonio, TX 78201
Report Abuse
* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.
** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
Only paying BiggerPockets members can do this!
Upgrade your account to a Pro membership to finish uploading your listing.
Pro Marketplace Benefits
- List up to 2 properties a day under Real Estate Listing
- Re-port your Real Estate Listing every 5 days
- Create job & buying ads in the Marketplace
Additional Pro Benefits
- Unlimited use & access to Rental Property Calculator
- Over $5,000 worth of discounts in Pro Perks
- Access to 50 states & DC landlord forms
- Forum Keyword Alerts
- And more!