432 Olive St S, San Antonio, TX 78203
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  • MLS#: 1830647 ( Multi-Family (2-8 Units) )
  • Street Address: 432 Olive St S
  • Viewed: 3
  • Price: $650,000
  • Price sqft: $162
  • Waterfront: No
  • Year Built: 1918
  • Bldg sqft: 4019
  • Days On Market: 4
  • Additional Information
  • County: BEXAR
  • City: San Antonio
  • Zipcode: 78203
  • Subdivision: Denver Heights
  • District: San Antonio I.S.D.
  • Elementary School: Call District
  • Middle School: Call District
  • High School: Call District
  • Provided by: Real
  • Contact: Sterling Williams
  • (210) 569-9008
  • San Antonio, TX MLS IDX
  • DMCA Notice
  • Description
    Gorgeous garden style apartments located in the heart of San Antonio, offering modern upgrades and thoughtful design. Each unit is equipped with washer/dryer hookups and a sleek Ikea kitchen complete with a full appliance package. Climate control is effortless with energy efficient mini split systems installed in every bedroom and living area, ensuring optimal comfort while managing utility costs. Tenants will enjoy the convenience of on demand hot water provided by tankless water heaters. Extensive updates were completed in 2018, including all new electrical and plumbing systems, as well as foundational improvements, new siding, and energy efficient windows. Additional highlights include a new roof (approximately 3 years old), recently installed Mitsubishi mini splits in one unit (approximately 1 year old), and a water softening system added in 2020. One unit also features a brand new tankless water heater installed this year. Prime Location: Located just minutes away from some of San Antonio's most popular attractions, including the Alamodome, Hemisfair Park, the River Walk, and the historic Pearl District, this property offers unparalleled convenience and lifestyle appeal. The vibrant Southtown arts district and numerous dining and shopping options are also within easy reach. Short Term Rental Potential: Given its proximity to major attractions, this property holds excellent potential for short term rentals, catering to tourists and visitors seeking a central location with modern amenities. Value Add Opportunity: Increase rental income by adjusting currently below market rents and implementing a water charge back system. This property offers both a stable income stream and the potential for enhanced returns. It's an ideal investment for those seeking a well maintained, income producing asset in a thriving market.
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Features
Building and Construction
  • Apprx Age: 106
  • Builder Name: Unknown
  • Exterior Features: Cement Fiber
  • Flooring: Vinyl
  • Roofing: Composition
  • Source Sqft: Appsl Dist
School Information
  • Elementary School: Call District
  • High School: Call District
  • Middle School: Call District
  • School District: San Antonio I.S.D.
Utilities
  • Air Conditioning: 3+ Window/Wall
  • Heat: Central
  • Heating Fuel: Electric
  • Meters: Separate Electric, Separate Gas, Common Water
Finance and Tax Information
  • Annual Operating Expense: 15339
  • Home Owners Association Mandatory: None
  • Net Operating Income: 38586
  • Total Tax: 13054.78
Other Features
  • Contract: Exclusive Right To Sell
  • Instdir: Commerce to Olive
  • Legal Desc Lot: 28
  • Legal Description: NCB 626 BLK 2 LOT 28, S 7 FT OF 29, W 26.9 FT OF 27 & S 7 OF
  • Op Exp Includes: Taxes, Insurance
  • Ph To Show: 210
  • Salerent: For Sale
Owner Information
  • Owner Lrealreb: Yes
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Headshot for Associate Randy Rice
  1. Randy Rice, ABR,ALHS,CRS,GRI
  2. Premier Realty Group
  3. Mobile: 210.844.0102
  4. Office: 210.232.6560
  5. randyrice46@gmail.com