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Elmendorf,TX 78112
Key Details
Property Type Commercial
Sub Type Commercial Improved Prop
Listing Status Active
Purchase Type For Sale
Square Footage 3,812 sqft
Price per Sqft $171
MLS Listing ID 1895158
Year Built 1970
Annual Tax Amount $5,489
Lot Size 2.180 Acres
Property Sub-Type Commercial Improved Prop
Property Description
This 8-unit manufactured housing community provides significant upside potential for new ownership. The Cozy Cottages have been remodeled and well maintained, and cared for, ensuring a hassle-free transition for new owners. With proactive management of repairs and upgrades, this property offers investors ease of ownership and peace of mind. The Cottages are situated in a submarket with robust fundamentals, and benefit from a stable and growing rental market, along with being located close to employment centers in the growing vicinity of Elmendorf - such as a large Home Depot Distribution Warehouse, Semi Truck Manufacturer Navistar, and several others. There are three major thoroughfares within seven miles of the property, including Interstates 37 and 410 and Loop 1604. The Cozy Cottages of Elmendorf also boasts not only minimal deferred maintenance but also a significant increase in rental income over the past year. All units have undergone significant remodeling. New owners have the opportunity to maintain this trend by continuing to lease units at rates already being captured and proven. Additionally, The Cottages have City Water, four septic systems, and 94 solar panels ($90,000 + Paid Off and convey) on the property, for low monthly utility bills. Buyers could be a multi-family investor or a family that wants multi-generational living. The property is ready for new ownership in either category. The property is zoned OCL (Outside City Limits).
Location
State TX
County Bexar
Area 2003
Zoning OCL
Exterior
Garage Spaces 20.0
Utilities Available Electricity,Water,Septic,Solar
Amenities Available Exterior Lighting,Outside Storage
Roof Type Other
Building
Story 1
Schools
School District East Central I.S.D
Others
Acceptable Financing Sale Only,Cash,Conventional
Listing Terms Sale Only,Cash,Conventional