For Sale
$499,000

211 Robert E LeeSan Antonio, TX 78214

Six-unit apartment building, high occupancy, strong ROI.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional multifamily investment opportunity is located at 211 Robert E Lee in San Antonio, Texas, within Bexar County, zip code 78214. The property consists of a six-unit apartment building totaling 2,568 square feet situated on a 0.171-acre lot. Built in 1920 and extensively renovated in 2022, this property boasts a 100% occupancy rate, generating significant rental income. The asking price is $499,000, translating to a price per square foot of $194.31 and a price per unit of $83,166.67. The property's strong financial performance is further highlighted by a compelling 10.18% capitalization rate. The property is zoned MF-33, offering flexibility for potential redevelopment or continued operation as a residential rental property. This prime South Side location presents a rare opportunity for investors seeking a stable, high-yielding asset in a desirable area of San Antonio. The two buildings on the property offer a unique blend of established income and potential for future growth. This is an ideal investment for those seeking a strong return on investment in a thriving Texas market. The property's recent renovation ensures minimal maintenance needs, maximizing profitability. The convenient location and high occupancy rate make this a truly exceptional investment opportunity.

Highlights

  • Six-unit apartment building totaling 2,568 square feet on a 0.171-acre lot in San Antonio, TX.
  • 100% occupancy with strong rental income.
  • Asking price: $499,000 ($194.31/SF, $83,167/unit), 10.18% cap rate.
  • Built in 1920, extensively renovated in 2022; minimal maintenance needs.
  • MF-33 zoning allows for flexibility.

Property Details for 211 Robert E Lee

Property type
Apartment buildings
Square Feet
2,568 SF
Year Built/Renovated
1920/2022
Lot Size (sq. ft)
7,449 SF
Units
6

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.3703392
Longitude
-98.4994057
211 Robert E Lee, San Antonio, Texas

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211 Robert E Lee
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