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For sale 14 days ago

$698,000

5+ bd 3 ba 2800 sqft

1246 Waverly Ave, San Antonio, TX 78201

Residential Triplex Occupied

Current Rent **

$6,464

Projected Rent **

$6,564

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent: $3,164
  • Bedroom: 3 bd
  • Bathroom: 1 ba
  • Square Footage: 1250 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No
Unit 2 Details
  • Current Rent: $1,700
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 750 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No
Unit 3 Details
  • Current Rent: $1,600
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 800 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: No

Triplex 1 Block Away from Lake, Zoned RM-4 with land space to build a tiny house, 9% Cap Rate

Cash flowing triplex, 9% Cap Rate, 1 block away from Woodlawn Lake with partial Lake View from each unit. 2 units renting mid-term with 3-12 month leases, 1 renting short term. (Currently listed on MLS with a 1-day Agent cancellation clause, contact me for investor pricing)

Location is 10 minutes from the Riverwalk/Pearl, with quick access to the Medical Center, Seaworld, Six Flags.

Re-Zoned RM-4 last year, with the ability to build another Tiny House. All 3 units Rehabbed and Furnished (~400K) and no HOA, gross annual income of $80.7K and a Net Operating Income of $63K. Back two units established MTR's with 3-12 month leases, front unit renting short term. Sale includes all furniture, STR consumables inventory and local contractor list.

Unit #101 - airbnb.com/h/waverlylakehouse
Unit #201 - airbnb.com/h/waverlysurfhouse
Unit #301 - airbnb.com/h/waverlyoceanhouse

youtu.be/X3FGyuckCU0?si=iNxMh-Wi-9iG1UnQ

Location:

1246 Waverly Ave, San Antonio, TX 78201

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* 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.