24
See all 24 photos
$225,000
Est. payment /mo
8 Beds
4 Baths
4,028 SqFt
New
2226 PINN RD San Antonio, TX 78227
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Key Details
Property Type Multi-Family
Sub Type Multi-Family (2-8 Units)
Listing Status Active
Purchase Type For Sale
Square Footage 4,028 sqft
Price per Sqft $55
Subdivision Meadowcliff
MLS Listing ID 2014253
Style Two Story
Bedrooms 8
Full Baths 4
Year Built 1985
Annual Tax Amount $6,871
Lot Size 0.341 Acres
Property Sub-Type Multi-Family (2-8 Units)
Property Description
Investor opportunity! This ~4,028 SF fourplex offers spacious 2-bedroom/1-bath units averaging roughly 1,000 SF each on a 0.34-acre site, providing substantial upside for an investor ready to complete repairs and return the property to productive use. Current market rent potential is estimated at approximately $1,000 per unit plus utility reimbursements, creating the opportunity for approximately $48,000 in annual base rental income once stabilized. The property is currently vacant and being offered as-is, with known deferred maintenance including foundation movement, roof replacement, HVAC replacement and unit make-ready repairs; utilities are currently off and buyers should perform their own due diligence regarding condition and repair scope. Interior unit renovation appears relatively limited compared with the major exterior and mechanical work, giving an experienced renovation buyer a head start. Separate electric meters, central HVAC, brick construction and large two-bedroom floor plans provide a solid foundation for repositioning the asset. This is an opportunity to acquire four rental units at an attractive basis and force appreciation through renovation, lease-up and improved operations.
Location
State TX
County Bexar
Area 0700
Zoning MF-33
Interior
Heating Central
Cooling Unit Central
Flooring Vinyl
Exterior
Exterior Feature Brick
Garage Spaces 8.0
Roof Type Composition
Building
Foundation Slab
Schools
Elementary Schools Call District
Middle Schools Call District
High Schools Call District
School District Northside
Others
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Listed by Stephen Guzek • Lifestyles Realty Central Texas Inc • (210) 317-1179
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