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Est. payment /mo
10 Beds
6 Baths
4,286 SqFt
Price Dropped by $10K
101 Stanley Ct San Antonio, TX 78214
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Key Details
Property Type Multi-Family
Sub Type Two Story
Listing Status Active
Purchase Type For Sale
Square Footage 4,286 sqft
MLS Listing ID 2005498
Style Two Story
Bedrooms 10
Full Baths 6
Annual Tax Amount $7,889
Lot Size 0.345 Acres
Acres 0.345
Property Sub-Type Two Story
Property Description
This is a rare opportunity to acquire three multifamily buildings on three separate parcels in one package, offering immediate cash flow with significant upside. Situated on 0.345 acres and totaling 4,286 SF, the property is zoned MF-33, providing valuable flexibility in a market where multifamily opportunities are increasingly difficult to find. The portfolio has undergone substantial improvements, with two buildings recently rehabilitated and the third approximately 70% complete, allowing a new owner to finish the project and realize the remaining value-add potential. Currently, three units are leased with two additional units ready for occupancy, providing an immediate opportunity to increase cash flow through lease-up. The property's pro forma gross annual income is approximately $64,200 with estimated operating expenses of $22,610 (including property taxes, insurance, maintenance, and utilities currently paid by ownership), resulting in a projected Net Operating Income of approximately $41,590. At the asking price, the property offers an attractive 5.55% cap rate, with additional upside available through operational improvements. An additional approximately 850 SF of unfinished space presents the opportunity to create income-producing space, further enhancing returns. There may also be future opportunities to reduce operating expenses by separately metering utilities or implementing utility reimbursement programs, increasing NOI over time. Whether you're looking to expand your multifamily portfolio or complete a partially finished redevelopment project with strong income potential, 101, 103 & 107 Stanley Ct offers an attractive combination of existing cash flow, redevelopment upside, and long-term investment potential.
Location
State TX
County Bexar
Area 3100
Zoning MF-33
Interior
Heating 3+ Units
Cooling 3+ Window/Wall
Flooring Ceramic Tile, Vinyl
Exterior
Exterior Feature Siding
Garage Spaces 7.0
Roof Type Composition
Building
Foundation Slab, Cedar Post
Sewer City
Water City
Schools
Elementary Schools Call District
Middle Schools Call District
High Schools Call District
School District Call District
Others
Acceptable Financing Conventional, 1st Seller Carry, Cash, Investors OK
Listing Terms Conventional, 1st Seller Carry, Cash, Investors OK
Listed by Christopher Parreira • W.C. Miller Properties • (830) 708-5700
NEARBY SCHOOL & BUSINESS
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