Listing Courtesy of: Jordan Brandt - Spring House Realty
$1,350,000
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500 Burton Avenue San Antonio, TX 78221
Apartment
Residence
20
Beds
12
Baths
7,854
Sq. Ft.
0.37
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
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Opportunity Knocks. Built in 1984, this cashflow positive 12 unit apartment community has room to add value for an increased NOI. With a new roof in 2022, and a restriped resealed parking lot, new fence, new courtesy cameras, and an exterior facelift in 2023, this property has been very well maintai...ned, with several major recently completed improvements. 9 of 12 units have been updated with new flooring, paint and other cosmetic touches. All units have individual electric meters, water heaters, and central HVAC systems. The onsite laundry facility, green space, and picnic area make residents feel right at home. Value add opportunities include updating 3 classic units, adding an additional washer and dryer to the laundry facility, offering premium parking, trash porter service, cable package, converting the green space into a dog park or BBQ pit, and converting the apartments into an 'All Bills Paid' community.
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MLS#
20731749
Property Type
Apartment
Bedrooms
20
Bathrooms
12 Full
Year Built
1984
Square Feet
7,854
sq. ft
Lot Size
0.37
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