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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 4,240 sqft
Price per Sqft $103
MLS Listing ID 1868217
Style Two Story
Bedrooms 8
Full Baths 4
Construction Status Pre-Owned
Year Built 2006
Annual Tax Amount $7,728
Lot Size 0.341 Acres
Property Sub-Type Multi-Family (2-8 Units)
Property Description
Turnkey Quadplex Investment in La Vernia - 8.5 Cap Rate! 104 San Antonio Road, Lot 1, La Vernia, TX 78121 Attention investors-your next cash-flowing asset is here! This fully occupied quadplex is nestled in the heart of La Vernia, a fast-growing community just outside San Antonio. Each of the four units features 2 bedrooms and 2 bathrooms, making them ideal for tenants seeking both comfort and space. Steady income & Strong returns. Gross Operating Income: $49,380/year Taxes: $7,728.61 Management Fee: $4,444.20 Net Operating Income (NOI): $37,207.19 At a sales price of $438,435, this property delivers an impressive 8.5 cap rate - but if new owner self manages the cap rate goes up to 9.5 - a golden opportunity for investors looking to expand or start their rental portfolio with reliable, low-maintenance income. With all units rented and property management in place, this is a true plug-and-play investment in a desirable location. La Vernia continues to grow, making this a smart buy for both short-term cash flow and long-term appreciation. Snag this gem before someone else does! Properties like this don't stay on the market for long!
Location
State TX
County Wilson
Area 2800
Interior
Heating Central
Cooling Multi-Unit Central
Flooring Carpeting,Ceramic Tile
Exterior
Exterior Feature Brick
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.