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3221 Flores N, San Antonio, TX 78212
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  • MLS#: 1939828 ( Multi-Family (2-8 Units) )
  • Street Address: 3221 Flores N
  • Viewed: 103
  • Price: $950,000
  • Price sqft: $235
  • Waterfront: No
  • Year Built: 1926
  • Bldg sqft: 4039
  • Days On Market: 81
  • Additional Information
  • County: BEXAR
  • City: San Antonio
  • Zipcode: 78212
  • Subdivision: Alta Vista
  • District: San Antonio I.S.D.
  • Elementary School: Call District
  • Middle School: Call District
  • High School: Call District
  • Provided by: Keller Williams Heritage
  • Contact: Joel Leos
  • (224) 634-8877
  • San Antonio, TX MLS IDX
  • DMCA Notice
  • Description
    Alta Vista Value Add Multifamily | 6 Units | Over 4,000 SF Exceptional value add multifamily opportunity in the desirable Alta Vista neighborhood. This 6 unit property totaling over 4,000 square feet is being offered as an estate sale and presents substantial upside for investors seeking a repositioning or redevelopment play.The property is not currently operating at market efficiency. There are no long term leases in place. Three of the six units are occupied on a month to month basis at below market rents, offering immediate rent growth potential. One unit is occupied by a family member at no rent, and another unit is a 2 bedroom / 1 bath currently under construction, providing a clear path to additional value upon completion by the new owner. The remaining unit offers further opportunity for optimization.Notable features include a central courtyard, on site parking lot, and a in ground swimming pool. Rare amenities that support future rent premiums once the property is stabilized and professionally managed.Located along N Flores, the asset benefits from proximity to downtown San Antonio, The Pearl, and major employment centers, making it well positioned for long term demand. This is a true investor asset ideal for rent optimization, light to moderate renovation, completion of existing improvements, and professional management. Strong fundamentals, flexible occupancy, and multiple value creation strategies make this an increasingly rare opportunity in Alta Vista.
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Features
Building and Construction
  • Apprx Age: 100
  • Builder Name: Unknown
  • Exterior Features: Siding
  • Flooring: Wood
  • Roofing: Composition, Metal
  • 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.
Eco-Communities
  • Water/Sewer: City
Utilities
  • Air Conditioning: 3+ Window/Wall
  • Heat: 3+ Units
  • Heating Fuel: Electric
  • Meters: Separate Electric, Common Water
  • Recent Rehab: No
Finance and Tax Information
  • Annual Operating Expense: 21996
  • Days On Market: 79
  • Home Owners Association Mandatory: None
  • Net Operating Income: 16956
  • Total Tax: 15474
Other Features
  • Contract: Exclusive Right To Sell
  • Instdir: San Pedro Ave to Agarita
  • Legal Description: Ncb 1800 Blk 8 S 83.33 Ft Of 8, 9 & 10 Arb A21
  • Op Exp Includes: Taxes, Maintenance, Services, Other
  • Ph To Show: 2102222227
  • Salerent: For Sale
  • Style: Two Story, Historic/Older
  • Views: 103
  • Zoning: R-6 CD NCD-2
Owner Information
  • Owner Lrealreb: No
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