403 Hartline DrSan Antonio, TX 78218

Property Details for 403 Hartline Dr

Year built

1980

Lot size

0.60 AC

Property size (Sq ft)

11,680 SF

Property type

Residential income properties

Property subtype

Garden apartment buildings

APN

11899-000-0331

APU

118990000331

Description

This exceptional investment opportunity presents an eight-unit apartment building located at 403 Hartline Dr, San Antonio, Texas 78218. The property, built in 1980, comprises a single, two-story building totaling 11,680 square feet on a 0.6-acre lot. Currently boasting 100% occupancy, this Class B multifamily property offers a strong cash flow with significant upside potential. Each of the eight units features a spacious 1460 square foot townhome-style floor plan, including washer and dryer connections. The property includes 18 parking spaces and is zoned for multifamily use over four units. Significant improvements have been made, including a new roof installed in 2016 (30-year life expectancy), perimeter fencing, and comprehensive plumbing and HVAC repairs completed in 2019. This ensures the long-term value and functionality of the building's critical systems. The asking price is $1,200,000, translating to $102.74 per square foot and $150,000 per unit. This represents a compelling investment opportunity in the thriving San Antonio market. The property is situated in Bexar County and offers a solid foundation for continued growth and profitability. This property is available for sale as a standalone investment.

• CAP approach

  CAP return

  Valuation

  6%

  $2,718,325

  6.5%

  $2,509,223

  7%

  $2,329,993

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,114,496

  Geo Method

  $4,114,496

• Alternative Use

  Use

  Valuation

  Residential

  $2,509,223

  Hospitality

  $2,298,435

  Educational

  $1,912,271

  Medical

  $1,978,037

  Retail

  $2,974,644

Location Insight

City

San Antonio

County

Bexar

State

Texas

Latitude

29.5078

Longitude

-98.4074

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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