321 Blanks StSeguin, TX 78155

Property Details for 321 Blanks St

Year built

2000

Lot size

0.58 AC

Property size (Sq ft)

8,520 SF

Property type

Apartment buildings

Description

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.

Location Insight

City

Seguin

County

Guadalupe

State

Texas

Latitude

29.5444

Longitude

-97.9664

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