32
See all 32 photos
$699,000
Est. payment /mo
16 Beds
8 Baths
7,484 SqFt
New
1409 Woodlawn San Antonio, TX 78201
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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 7,484 sqft
Price per Sqft $93
Subdivision Woodlawn Park
MLS Listing ID 1932637
Style Two Story
Bedrooms 16
Full Baths 8
Year Built 1940
Annual Tax Amount $15,252
Lot Size 0.438 Acres
Property Sub-Type Multi-Family (2-8 Units)
Property Description
Prime value-add 8-plex offered at $699,000. 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.
Location
State TX
County Bexar
Area 0800
Direction W
Interior
Heating Window Unit
Cooling Window/Wall
Flooring Wood
Exterior
Exterior Feature Brick
Garage Spaces 10.0
Roof Type Heavy Composition
Schools
Elementary Schools Call District
Middle Schools Call District
High Schools Call District
School District San Antonio I.S.D.
Others
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Listed by Nathan Young • Devora Realty • (210) 668-6844
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