TX > San Antonio > Commerce S To Guadalupe Sa
San Antonio, TX 78207-4262,2004 MONTEREY ST
San Antonio, TX 78207-4262,2004 MONTEREY ST
San Antonio, TX 78207-4262,2004 MONTEREY ST
San Antonio, TX 78207-4262,2004 MONTEREY ST
San Antonio, TX 78207-4262,2004 MONTEREY ST
San Antonio, TX 78207-4262,2004 MONTEREY ST
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Tami Price

Tami Price

+1(210) 620-6681
$ 495,000
Est. payment | /mo

7 Beds

4 Baths

4,708 SqFt

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$ 495,000
Est. payment | /mo
Save

7 Beds

4 Baths

4,708 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family (2-8 Units)

Listing Status Active

Purchase Type For Sale

Square Footage 4,708 sqft

Price per Sqft $105

Subdivision Commerce S To Guadalupe Sa

MLS Listing ID 1836174

Style One Story

Bedrooms 7

Full Baths 4

Year Built 1930

Annual Tax Amount $10,250

Lot Size 0.386 Acres

Property Sub-Type Multi-Family (2-8 Units)

Property Description

Investors rejoice and welcome to 2004 Monterey St., a beautifully renovated four-unit multifamily home nestled in the heart of San Antonio! This property seamlessly blends modern upgrades with historic charm, making it an exceptional investment opportunity at unbelievable investment potential and growth! Property Features: Unit Configurations: Units 1, 3, and 4: Each offers 2 bedrooms and 1 bathroom, catering to small families or roommates. Unit 2: Features 1 bedroom and 1 bathroom, ideal for singles or couples. Boasting With Recent Upgrades: Electrical: Completely updated wiring with individual meters for each unit & an additional meter for common areas. All outlets and switches are new, with city permits approved by CPS. Plumbing: New connections to the drainage system, brand-new faucets in showers, kitchens, and sinks, plus washer and dryer hookups in all units. Two new water heaters service the entire property. Foundation: Concrete pillars installed with successful city inspection, ensuring structural integrity. Roof: Updated with durable asphalt shingles. Interior: New drywall throughout, including fire-rated drywall on shared walls per city regulations. Fresh paint with an orange peel texture enhances the interior. Kitchens: Equipped with new cabinets, butcher block countertops, sinks, faucets, and microwaves with built-in extractors. Flooring: Laminate flooring installed throughout, with waterproof flooring in bathrooms. Bathrooms: Each features a new toilet, sink, and tiled shower walls. Doors and Windows: All doors are new. Due to the property's historic status, select windows were approved for replacement. Climate Control: Industrial ceiling fans and mini-split systems installed for efficient heating and cooling. Insulation: New insulation added to walls and ceilings, enhancing energy efficiency. Porch: A concrete porch constructed at the front, aligned with historical society approvals. Investment Highlights: Occupancy: 100% Occupied!. Rental Income: Fully occupied, the property is generating a total monthly rental income of $4,700, equating to $56,400 annually. Based on the full rental potential of $56,400 annually, the cap rate is an impressive 11.28%. Listing Price: Offered at $500,000, this property presents a compelling investment with strong cash flow potential and opportunities to increase returns as occupancy stabilizes. Market Insights: Neighborhood Highlights: Situated in the vibrant Avenida Guadalupe neighborhood, residents enjoy proximity to parks such as Vidaurri Park, Woodlawn Park, Elmendorf Lake Park, and Cassiano Park, offering ample green spaces for outdoor activities. The area is well-served by public transportation and is within walking distance to shopping centers and grocery stores, providing daily conveniences for tenants. This property not only offers a stable investment but also the opportunity to enhance value over time, making it a smart choice for both savvy investors and beginner investors alike. Rejoice in the fact that majority of capital expenditures have already been taken care of and addressed!

Location

State TX

County Bexar

Area 0700

Interior

Heating Window Unit

Cooling Window/Wall

Flooring Laminate

Exterior

Exterior Feature Wood, Siding

Garage Spaces 4.0

Roof Type Wood Shingle/Shake

Building

Sewer City

Water City

Schools

Elementary Schools Call District

Middle Schools Call District

High Schools Call District

School District San Antonio I.S.D.

Others

Acceptable Financing Conventional, FHA, VA, 1st Seller Carry, Wraparound, Cash

Listing Terms Conventional, FHA, VA, 1st Seller Carry, Wraparound, Cash

Listed by Anna Ghalumian • eXp Realty • (210) 998-7733
agent-avatar

+1(210) 620-6681

info@tamiprice.com

4204 Gardendale St., Suite 312, Antonio, TX, 78229, USA

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2004 MONTEREY ST

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