12-Unit Multifamily in San Antonio, TX

At $850,000, (address on request) offers an investor a 12-unit multifamily property at $70,833 per unit and $95 per rentable square foot, with significant upside through lease-up and stabilization.

The property is currently 50% occupied, creating an immediate opportunity to increase revenue by leasing the six vacant units. Occupied rents range from $665 to $1,050 per month, with additional upside from bringing below-market units closer to market rents over time. At stabilization, average rents of $950 to $1,100 per unit could generate $136,800 to $158,400 in annual gross rental income, compared with current rental income of $5,155 per month.

Recent spending covers HVAC replacements and repairs, appliances, water heaters, electrical, plumbing and windows, so a new owner can focus capital on finishing renovations, leasing the vacant units and stabilizing operations. This is a value-add opportunity with a low per-unit basis and a clear path to creating value.

Multifamily | 12 Units | $70,833/unit

• Low Per-Unit Basis $70,833 per unit and $95 per rentable square foot. • Immediate Lease-Up Six vacant units (50%) offer the fastest path to higher revenue. • Rent Growth Upside Occupied rents of $665–$1,050, with room to move below-market units up. • Recent Capital Work $38,362 spent in the last 12 months on HVAC, appliances and building systems. • 2002 Construction One two-story building on 0.32 acres, zoned MF-33, per Bexar Appraisal District. • South Side Job Growth Near Toyota's plant expansion, Port San Antonio and Brooks.