For Sale
$1,199,999

321 Blanks St Seguin, TX 78155

12-Unit Apartment Building, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional 12-unit apartment building presents a compelling investment opportunity in the thriving Seguin, Texas market. Situated on a 0.579-acre lot at 321 Blanks St, Seguin, TX 78155, this property offers 8,520 square feet of living space, boasting a remarkable 100% occupancy rate. The building, constructed in 2000 and extensively renovated in 2023, comprises three buildings with two stories each, all conforming to MF zoning. Each of the twelve units commands a price of $99,999.92, contributing to the property's attractive asking price of $1,199,999. The property's strong financial performance is underscored by a Net Operating Income (NOI) of $119,980, translating to a compelling 10% capitalization rate and a price per square foot of $140.84. This well-maintained property offers significant value-add potential for investors seeking to capitalize on the growth of the vibrant San Antonio sub-market. The recent renovations ensure modern amenities and appeal to tenants, guaranteeing continued strong performance and potential for future appreciation. This is a turnkey investment ready for immediate income generation. The property's location in Guadalupe County provides easy access to the amenities and opportunities of the larger San Antonio area. This multifamily investment is an ideal addition to any portfolio seeking strong returns and long-term growth.

Highlights

  • $1,199,999 asking price for a 12-unit apartment building.
  • 8,520 square feet, offering a price per square foot of $140.84.
  • 10% cap rate with a Net Operating Income (NOI) of $119,980.
  • 12 units at a price per unit of approximately $100,000.
  • Built in 2000 and renovated in 2023, situated on a 0.579-acre lot in Seguin, Texas.
  • Multifamily (MF) zoning.

Property Details for 321 Blanks St

Property type
Apartment buildings
Square Feet
8,520 SF
Year Built/Renovated
2000/2023
Buildings
3
Stories
2
Lot Size (sq. ft)
25,221 SF
Units
12

Location Insight

City
Seguin
County
Guadalupe
State
Texas
Latitude
29.544369
Longitude
-97.966426

FAQs

What type of property is this?
Apartment building - 12-Unit Apartment Building, High Occupancy
Where is the apartment building located?
The property is located at 321 Blanks St Seguin, TX.
What is the asking price?
The asking price for this property is $1,199,999.
What are key features of this property?
This property features: $1,199,999 asking price for a 12-unit apartment building.; 8,520 square feet, offering a price per square foot of $140.84.; 10% cap rate with a Net Operating Income (NOI) of $119,980.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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321 Blanks St
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