Homes for sale - 341 Avondale Ave, San Antonio, TX 78223

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Diane Hart Alexander, MBA, MHA

diane@alex.realestate +1(713) 591-9902

$ 290,000

Est. payment -/mo

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341 Avondale Ave San Antonio, TX 78223

6 Beds

4 Baths

2,516 SqFt

UPDATED:

12/02/2024 10:40 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family (2-8 Units)

Listing Status Active

Purchase Type For Sale

Square Footage 2,516 sqft

Price per Sqft $115

Subdivision Hotwells

MLS Listing ID 1823327

Style One Story

Bedrooms 6

Full Baths 4

Construction Status Pre-Owned

Year Built 1942

Annual Tax Amount $3,792

Lot Size 9,801 Sqft

Property Description

Uncover an exceptional investment opportunity in this unique multi-unit property, perfect for maximizing rental income. Featuring an existing tenant-occupied ADU, this property delivers immediate cash flow with enormous future potential. Properties like this rarely come to market, especially one designed to offer four separate rental incomes. The main house is ready to be renovated into three individual units, each with immense earning potential. Imagine transforming Units 1 and 2 into one-bedroom, one-bathroom apartments, while the back unit becomes a spacious two-bedroom, one-bathroom rental. With the ADU already a fully functional two-bedroom, one-bathroom unit housing a long-term tenant, you'll start generating revenue from day one. Each unit is equipped with a separate city electricity meter, making management simple and efficient. This property is sold "as-is," giving you the freedom to shape each unit to suit your investment strategy. With renovations already started, you're set to take over and quickly finish the renovations to turn this property into a lucrative, high-yield investment. The seller also offers owner financing with an attractive interest rate, a five-year balloon, and no prepayment penalty-making it easier to capitalize on this rare find. Don't miss out on this fantastic investment in a property with boundless income potential.

Location

State TX

County Bexar

Area 1900

Zoning MF33

Interior

Heating None

Cooling Window/Wall

Flooring Wood

Exterior

Exterior Feature Siding

Garage Spaces 8.0

Roof Type Composition

Building

Foundation Slab

Construction Status Pre-Owned

Schools

Elementary Schools Ball

Middle Schools Hot Wells

High Schools Highlands

School District San Antonio I.S.D.

Others

Miscellaneous City Bus

Acceptable Financing Conventional, Cash, Investors OK

Listing Terms Conventional, Cash, Investors OK

Listed by Rayenari Suarez • K&E Realty • (210) 418-0067

Diane Hart Alexander, MBA, MHA

Chair, CEO, Broker | License ID: 565194

+1(713) 591-9902

Diane Hart Alexander, MBA, MHA

341 Avondale Ave San Antonio, TX 78223

Key Details

Location

Interior

Exterior

Building

Schools

Others

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341 Avondale Ave