101 Stanley Ct,San Antonio, TX 78214
San Antonio, TX 78214
Description
This is a rare opportunity to acquire three multifamily buildings on three separate parcels in one package, offering immediate cash flow with significant upside. Situated on 0.345 acres and totaling 4,286 SF, the property is zoned MF-33, providing valuable flexibility in a market where multifamily opportunities are increasingly difficult to find. The portfolio has undergone substantial improvements, with two buildings recently rehabilitated and the third approximately 70% complete, allowing a new owner to finish the project and realize the remaining value-add potential. Currently, three units are leased with two additional units ready for occupancy, providing an immediate opportunity to increase cash flow through lease-up. The property's pro forma gross annual income is approximately $64,200 with estimated operating expenses of $22,610 (including property taxes, insurance, maintenance, and utilities currently paid by ownership), resulting in a projected Net Operating Income of approximately $41,590. At the asking price, the property offers an attractive 5.55% cap rate, with additional upside available through operational improvements. An additional approximately 850 SF of unfinished space presents the opportunity to create income-producing space, further enhancing returns. There may also be future opportunities to reduce operating expenses by separately metering utilities or implementing utility reimbursement programs, increasing NOI over time. Whether you're looking to expand your multifamily portfolio or complete a partially finished redevelopment project with strong income potential, 101, 103 & 107 Stanley Ct offers an attractive combination of existing cash flow, redevelopment upside, and long-term investment potential.
Details
| MLS # | 2005498 |
|---|---|
| Listing Type | For Sale |
| Status | New |
| Days On Site | 29 |
| Listing Provided By | W.C. Miller Properties | Christopher Parreira |
Features
| SQ Feet | 4,286 |
|---|---|
| Units | 6 |
| Zoning | MF-33 |
| Acreage | 0.35 |
Interior
| Heating Fuel | Electric |
|---|
Exterior
| Exterior | Siding |
|---|---|
| Exterior Features | Double Pane Windows |
| Foundation | Slab, Cedar Post |
Utilities
| Waterorsewer | City |
|---|
Taxes
| Tax Property Id | 991262 |
|---|---|
| Taxed By Mltpl Counties | No |
| Total Tax | 7889.2 |
Area Information
| State | TX |
|---|---|
| County | Bexar |
| City | San Antonio |
| Zip Code | 78214 |
| Area | Bexar |
| Community Name | HARLANDALE |
| School District | CALL DISTRICT |
| Elementary School | Call District |
| High School | Call District |
| Listing VS Median (in HARLANDALE) | |
Price: $750,000 low | high Med: $140,000 sqft: 4,286 low | high Med: 936 $ / sqft: $175 low | high Med: $150 On site: 29 low | high Med: 372 | |
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Learn More About This Property
| State | TX |
|---|---|
| County | Bexar |
| City | San Antonio |
| Zip Code | 78214 |
| Area | Bexar |
| Community Name | HARLANDALE |
| School District | CALL DISTRICT |
| Elementary School | Call District |
| High School | Call District |
| Listing VS Median (in HARLANDALE) | |
Price: $750,000 low | high Med: $140,000 sqft: 4,286 low | high Med: 936 $ / sqft: $175 low | high Med: $150 On site: 29 low | high Med: 372 | |
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