341 Avondale Ave, San Antonio, TX 78223
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Priced at Only: $290,000
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Address: 341 Avondale Ave, San Antonio, TX 78223
Property Location and Similar Properties
- MLS#: 1823327 ( Multi-Family (2-8 Units) )
- Street Address: 341 Avondale Ave
- Viewed: 40
- Price: $290,000
- Price sqft: $115
- Waterfront: No
- Year Built: 1942
- Bldg sqft: 2516
- Days On Market: 40
- Additional Information
- County: BEXAR
- City: San Antonio
- Zipcode: 78223
- Subdivision: Hotwells
- District: San Antonio I.S.D.
- Elementary School: Ball
- Middle School: Hot Wells
- High School: Highlands
- Provided by: K&E Realty
- Contact: Rayenari Suarez
- (210) 418-0067
- DMCA Notice
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DescriptionUncover an exceptional investment opportunity in this unique multi unit property, perfect for maximizing rental income. Featuring an existing tenant occupied ADU, this property delivers immediate cash flow with enormous future potential. Properties like this rarely come to market, especially one designed to offer four separate rental incomes. The main house is ready to be renovated into three individual units, each with immense earning potential. Imagine transforming Units 1 and 2 into one bedroom, one bathroom apartments, while the back unit becomes a spacious two bedroom, one bathroom rental. With the ADU already a fully functional two bedroom, one bathroom unit housing a long term tenant, you'll start generating revenue from day one. Each unit is equipped with a separate city electricity meter, making management simple and efficient. This property is sold "as is," giving you the freedom to shape each unit to suit your investment strategy. With renovations already started, you're set to take over and quickly finish the renovations to turn this property into a lucrative, high yield investment. The seller also offers owner financing with an attractive interest rate, a five year balloon, and no prepayment penalty making it easier to capitalize on this rare find. Don't miss out on this fantastic investment in a property with boundless income potential.
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Features
Building and Construction
- Apprx Age: 82
- Builder Name: UNKNOWN
- Construction: Pre-Owned
- Exterior Features: Siding
- Flooring: Wood
- Foundation: Slab
- Roofing: Composition
- Source Sqft: Appsl Dist
School Information
- Elementary School: Ball
- High School: Highlands
- Middle School: Hot Wells
- School District: San Antonio I.S.D.
Eco-Communities
- Green Features: Drought Tolerant Plants
Utilities
- Air Conditioning: Window/Wall
- Heat: None
- Heating Fuel: Other
- Meters: Separate Electric, Common Water
- Utility Supplier Elec: CPS
- Utility Supplier Grbge: CITY
- Utility Supplier Sewer: SAWS
- Utility Supplier Water: SAWS
Finance and Tax Information
- Annual Operating Expense: 7000
- Days On Market: 25
- Home Owners Association Mandatory: None
- Net Operating Income: 40400
- Total Tax: 3792
Other Features
- Accessibility: Near Bus Line, Level Lot, Level Drive, Wheelchair Adaptable
- Contract: Exclusive Right To Sell
- Instdir: From 281 South turn right on S New Braunfels Ave. Turn right again on Avondale Ave. The property will be on the corner of Avondale Ave and Russi St.
- Legal Desc Lot: 42
- Legal Description: NCB 7628 BLK 3 LOT 42 E 20 FT OF 41
- Miscellaneous: City Bus
- Op Exp Includes: Taxes, Insurance
- Ph To Show: 210-222-2227
- Salerent: For Sale
- Style: One Story, Traditional
- Views: 40
- Zoning: MF33
Owner Information
- Owner Lrealreb: No
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Nearby Subdivisions
- Randy Rice, ABR,ALHS,CRS,GRI
- Premier Realty Group
- Mobile: 210.844.0102
- Office: 210.232.6560
- randyrice46@gmail.com