1535 W Laurel,San Antonio, TX 78201
San Antonio, TX 78201
Description
MOTIVATED SELLER - Exceptional income potential awaits with this multifamily investment property in San Antonio - already producing $5,700/month on day-one income from Units 2, 3, and 4 (currently leased to 7 tenants renting by the room). This property has a set of 2 duplexes built in 2021, on a single MF-33 zoned lot. Each of the four units offer identical 3-bedrooms and 2 full baths. Unit 1 is vacant so you can live in it or rent it out. Unit 2 has 3 tenants. Unit 3 has 2 tenants and 1 vacant room. Unit 4 has 2 tenants and 1 vacant room. That leaves you 5 vacant bedrooms. OPTION 1: Lease Unit 1 the traditional way at $1,350/month and rent the remaining 2 vacant rooms at $850 each, bringing total gross monthly income to $8,750 (105,000 annually). OPTION 2: follow the current owner's proven by-the-room strategy, renting all 5 vacant bedrooms individually at $850/month each for a total gross monthly income of $9,950 (a potential $119,400 annually). OPTION 3: This property is also a house hacking dream for owner-occupants: live in Unit 1 and rent out the 2 vacant rooms at $850 each, for a total gross monthly income $7,400 ($88,800 annually) while living virtually rent-free. OPTION 4: Go aggressive by living in a single room within Unit 1 and renting the 4 vacant rooms at $850 each, generating $9,100/month ($109,200 annually) toward your housing costs and beyond. Ideally located with easy access to I-10, residents enjoy proximity to downtown San Antonio, the Pearl District, La Cantera, The Rim, Six Flags Fiesta Texas, San Antonio College and St. Mary's University. Whether you're scaling a rental portfolio or house hacking your way into ownership, this property offers multiple paths to strong returns.
Details
| MLS # | 1998762 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 2020 |
| Days On Site | 52 |
| Listing Provided By | LPT Realty, LLC | Marc Longoria |
Features
| SQ Feet | 2,212 |
|---|---|
| Units | 4 |
| Zoning | MF-33 |
| Acreage | 0.21 |
Interior
| Heating Fuel | Electric |
|---|
Exterior
| Exterior | Cement Fiber |
|---|---|
| Exterior Features | Level |
| Foundation | Cedar Post |
Utilities
| Waterorsewer | City |
|---|
Taxes
| Tax Property Id | 010210080100 |
|---|---|
| Taxed By Mltpl Counties | No |
| Total Tax | 7850 |
Area Information
| State | TX |
|---|---|
| County | Bexar |
| City | San Antonio |
| Zip Code | 78201 |
| Area | Bexar |
| Community Name | CULEBRA S. TO DELGADO SA |
| School District | San Antonio I.S.D. |
| Elementary School | Call District |
| High School | Call District |
| Listing VS Median (in CULEBRA S. TO DELGADO SA) | |
Price: $690,000 low | high Med: $345,625 sqft: 2,212 low | high Med: 1,599 $ / sqft: $312 low | high Med: $157 On site: 52 low | high Med: 97 | |
Market Activity 78201
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Learn More About This Property
| State | TX |
|---|---|
| County | Bexar |
| City | San Antonio |
| Zip Code | 78201 |
| Area | Bexar |
| Community Name | CULEBRA S. TO DELGADO SA |
| School District | San Antonio I.S.D. |
| Elementary School | Call District |
| High School | Call District |
| Listing VS Median (in CULEBRA S. TO DELGADO SA) | |
Price: $690,000 low | high Med: $345,625 sqft: 2,212 low | high Med: 1,599 $ / sqft: $312 low | high Med: $157 On site: 52 low | high Med: 97 | |
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