3118 Gerald Ave
San Antonio, TX
PRICE PER SQFT
This is a great 7 unit apartment complex for an investor looking to cash flow. All units are currently rented, no vacancies and everyone is on a lease. Some rent increases on 11/1/2022. Foundation was fixed, water lines were replaced, all units upstairs were completely remodeled, all window A/Cs were replaced 2 years ago. Shed on the property for additional storage or potential 8th unit and property has been fully stabilized with monthly NOI of $3,386. We are selling at a 6.89% cap rate. VERIFY ROOM MEASUREMENTS/SCHOOL DISTRICTS. This property won't last long! Come see it today.
Direction: Continue on I-410 W. Take I-10 E to General Hudnell Dr in San Antonio. Take the Texas 371 Spur/Gen Hudnell Dr exit from US-90 W 13 min (13.2 mi) Continue on General Hudnell Dr. Take Quintana Rd to W Gerald Ave.
Courtesy of White Line Realty Llc
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