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La Vernia,TX 78121
Key Details
Property Type Multi-Family
Sub Type Multi-Family (2-8 Units)
Listing Status Active
Purchase Type For Sale
Square Footage 3,484 sqft
Price per Sqft $127
MLS Listing ID 1868193
Style One Story
Bedrooms 8
Full Baths 4
Construction Status Pre-Owned
Year Built 2006
Annual Tax Amount $6,953
Lot Size 7,623 Sqft
Property Sub-Type Multi-Family (2-8 Units)
Property Description
Exciting Investment Opportunity in Universal City, Texas! Welcome to this fantastic quadruplex listing priced over $43,000 under market value, making it a lucrative deal for savvy investors! The sellers are motivated and are also selling three more quadraplexes via a 1031 exchange - an incredible chance to expand your real estate portfolio! Rental Income: Gross Operating Income: $49,140. Taxes: $6,917. Management Fee: $4,423 / year Net Operating Income: $37,800. Features: Each unit includes 2 bedrooms and 1 bathroom, perfect for tenants seeking comfortable living spaces. With a desirable 8.5 cap rate, the new owner can self manage and raise the cap rate to 9.5, offering a profitable investment opportunity that's hard to resist. Don't miss out on the potential for steady passive income and long-term asset appreciation! Reach out today to capitalize on this fully rented quadruplex in Universal City and take the next step towards growing your real estate portfolio. Seize the opportunity, and let this property be the cornerstone of your investment success!
Location
State TX
County Wilson
Area 2800
Interior
Heating Central,3+ Units
Cooling Multi-Unit Central,Three+ Central
Flooring Carpeting,Ceramic Tile
Exterior
Exterior Feature Stone/Rock
Garage Spaces 8.0
Roof Type Composition
Building
Foundation Slab
Construction Status Pre-Owned
Schools
Elementary Schools La Vernia
Middle Schools La Vernia
High Schools La Vernia
School District La Vernia Isd.
Others
Acceptable Financing Conventional,FHA,VA,Investors OK,USDA
Listing Terms Conventional,FHA,VA,Investors OK,USDA