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1409 Woodlawn W, San Antonio, TX 78201
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1409 Woodlawn W
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Would you like to sell your home before you purchase this one?
Priced at Only: $685,000
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Address: 1409 Woodlawn W, San Antonio, TX 78201
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More Like This
  • MLS#: 1932637 ( Multi-Family (2-8 Units) )
  • Street Address: 1409 Woodlawn W
  • Viewed: 136
  • Price: $685,000
  • Price sqft: $92
  • Waterfront: No
  • Year Built: 1940
  • Bldg sqft: 7484
  • Days On Market: 109
  • Additional Information
  • County: BEXAR
  • City: San Antonio
  • Zipcode: 78201
  • Subdivision: Woodlawn Park
  • District: San Antonio I.S.D.
  • Elementary School: Call District
  • Middle School: Call District
  • High School: Call District
  • Provided by: Devora Realty
  • Contact: Nathan Young
  • (210) 668-6844
  • San Antonio, TX MLS IDX
  • DMCA Notice
  • Description
    Prime value add 8 plex offered at $685,000. 1409 W Woodlawn Ave is a 1940 built, 2 story, brick multifamily property totaling 10,851 SF on a 0.44 acre lot with MF 33 (Multi Family District) zoning. Partial value add has already been completed: 6 of 8 units have been renovated and are now demanding higher rates based on historical lease rates, leaving additional investor upside to complete the remaining improvements and pursue minor cosmetic upgrades that could support further rent growth. Exterior/curb appeal upside includes a landscaping refresh to enhance tenant appeal and marketability. Stabilized proforma NOI: $58,080, translating to an 8.31% stabilized cap rate at the offering price. Infill location with strong lifestyle and demand drivers: Woodlawn Lake Park ~0.9 mi (18 min walk) and San Pedro Springs Park ~1.5 mi (3 min drive). Nearby retail includes Deco Plaza ~0.6 mi (12 min walk). Education anchors nearby: San Antonio College ~1.6 mi (4 min drive), Trinity University ~3.5 mi, and St. Mary's University ~4.0 mi. The area is approximately 3 miles northwest of Downtown San Antonio. Disclaimer: Buyer to independently verify all information, including zoning, square footage, unit mix, income/expenses, distances, and to complete their own underwriting.
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Features
Building and Construction
  • Apprx Age: 86
  • Builder Name: Unknown
  • Exterior Features: Brick
  • Flooring: Wood
  • Roofing: Heavy 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: Window/Wall
  • Heat: Window Unit
  • Heating Fuel: Other
  • Meters: Separate Electric, Separate Gas, Common Water
Finance and Tax Information
  • Annual Operating Expense: 48613.5
  • Days On Market: 208
  • Home Owners Association Mandatory: None
  • Net Operating Income: 41496.77
  • Total Tax: 15252.98
Other Features
  • Contract: Exclusive Right To Sell
  • Instdir: Woodlawn
  • Legal Desc Lot: 62
  • Legal Description: Ncb 6480 Blk 1 Lot 62, 63, 64, 65, 66 & W 12.5 Ft Of 61
  • Op Exp Includes: Taxes, Insurance, Maintenance, Management, Miscellaneous
  • Ph To Show: SHOWINGTIME
  • Salerent: For Sale
  • Views: 136
Owner Information
  • Owner Lrealreb: Yes
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Nearby Subdivisions
Beacon Hill   Culebra Park   Culebra S. To Delgado (sa)   Jefferson   Los Angeles - Keystone   Los Angeles Heights   Monticello Park   Monticello Park Historic (sa)   N/a   Woodlawn Lake   Woodlawn Park  
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  1. Minerva Emilia Clarke
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