803 Russell Pl
San Antonio, TX
Details
STATUS:Off Market
YEAR BUILT:1940
TYPE:two story
PARKING:
TOTAL STORIES:
MLS:1627847
COUNTY:Bexar
PRICE PER SQFT$183
PROPERTY DESCRIPTION
Price is subject to the appraiser IF value is lower:) MAKE CASH FLOW ! 4plex with an extra unit of a guest house for a total of 5 units! You can finance it as a 4plex and get a residential loan with better terms and own 5 units! With the guest house and some expansion we did into two other units - note that sf is roughly now 3,327 sf - 3,500 sf. need further evaluation. I pay the water bill for all tenants which is about $200-$250 a month. Potential to upgrade and renovate the units and get higher rents Rents for 4 units plus the guest house at the back (comes with the same deed): 1)1br 1ba -805 w Russell num 1 upstairs Tenant has moved out . we will make it ready soon. Tenant pays for electricity. I pay for water and trash. (The second bedroom is small ). 2) 05 w Russell num 2 -upstairs (Amber) 1br 1ba $695.00 expires May 30 2023 tenant pays for electric. Landlord pays for water and trash to all the units. 3) 2br one bath $999 (Unit is downstairs on the right). Tenant pays for electricity - 803 w Russel (Edward and Zhea) 2br 1ba $1,000 month to month starting 11.1.22 Tenant pays for electric. Until then they will pay $950. 4)805 w Russel (left unit- bottom floor) (Felicia ) 1br 1ba $825.00 month to month Tenant pays for electric. In Oct first 2022 rent will go up to $875. I plan to extend the lease for another year. 5)805-3 w Russel -guest house at the back 3br 1ba - currently vacant. Make ready should be ready soon. I pay for the electric until the tenants will be able to get their own electric ( there is a delay with the electric supplier). I estimate rent to include all utilities should not be less than $1,200. Expenses ANNUALLY MONTHLY Insurance $1,145.00 monthly: $95.42 Property tax $9,286.14 monthly : $773.85 Repairs estimate:$4,200.00 monthly : $350.00 Water roughly $3,000 annually monthly $250 TOTAL EXPENSES:$17,631 monthly expenses ~ $1,469.26 A new roof will be installed prior to closing or paid to the vendor at closing from the hud statement.
HIGH SCHOOL
MIDDLE SCHOOL
GRADE SCHOOL
Location
Direction: from i35 turn north on San Pedro ave, then turn left on W Russel place
Courtesy of Fortune Realty Llc
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Information is deemed reliable but is not guaranteed.
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