TX > San Antonio > Woodlawn Park
San Antonio, TX 78201,1409 Woodlawn
San Antonio, TX 78201,1409 Woodlawn
San Antonio, TX 78201,1409 Woodlawn
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Joe Hassmann

Joe Hassmann

+1(210) 383-9366
$699,000
Est. payment /mo
16 Beds
8 Baths
7,484 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family (2-8 Units)

Listing Status Active

Purchase Type For Sale

Square Footage 7,484 sqft

Price per Sqft $93

Subdivision Woodlawn Park

MLS Listing ID 1932637

Style Two Story

Bedrooms 16

Full Baths 8

Year Built 1940

Annual Tax Amount $15,252

Lot Size 0.438 Acres

Property Sub-Type Multi-Family (2-8 Units)

Property Description

Prime value-add 8-plex offered at $699,000. 1409 W Woodlawn Ave is a 1940-built, 2-story, brick multifamily property totaling 10,851 SF on a 0.44-acre lot with MF-33 (Multi-Family District) zoning. Partial value-add has already been completed: 6 of 8 units have been renovated and are now demanding higher rates based on historical lease rates, leaving additional investor upside to complete the remaining improvements and pursue minor cosmetic upgrades that could support further rent growth. Exterior/curb appeal upside includes a landscaping refresh to enhance tenant appeal and marketability. Stabilized proforma NOI: $58,080, translating to an 8.31% stabilized cap rate at the offering price. Infill location with strong lifestyle and demand drivers: Woodlawn Lake Park ~0.9 mi (18-min walk) and San Pedro Springs Park ~1.5 mi (3-min drive). Nearby retail includes Deco Plaza ~0.6 mi (12-min walk). Education anchors nearby: San Antonio College ~1.6 mi (4-min drive), Trinity University ~3.5 mi, and St. Mary's University ~4.0 mi. The area is approximately 3 miles northwest of Downtown San Antonio. Disclaimer: Buyer to independently verify all information, including zoning, square footage, unit mix, income/expenses, distances, and to complete their own underwriting.

Location

State TX

County Bexar

Area 0800

Direction W

Interior

Heating Window Unit

Cooling Window/Wall

Flooring Wood

Exterior

Exterior Feature Brick

Garage Spaces 10.0

Roof Type Heavy Composition

Schools

Elementary Schools Call District

Middle Schools Call District

High Schools Call District

School District San Antonio I.S.D.

Others

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

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LERA MLS - Local Expertise Regional Access / SABOR
Listed by Nathan Young • Devora Realty • (210) 668-6844

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Joe Hassmann

Joe Hassmann

+1(210) 383-9366

Broker Associate | License ID: 547006

Broker Associate License ID: 547006

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