820 Alamo St

San Antonio, TX

$1,125,000
N/A
N/A
4016
.151

Details

STATUS:Active
YEAR BUILT:1930
TYPE:apartments
PARKING:
TOTAL STORIES:
MLS:1636268
COUNTY:Bexar
PRICE PER SQFT280.12

PROPERTY DESCRIPTION

820 N Alamo is an exceptional property in one of the most popular areas of downtown San Antonio. Demand for the area in addition to increased development within a half-mile radius create a prime investment opportunity. The 9 unit building is being offered as-is for an investor to finish the rehab and capitalize on the market appreciation. This is a unique opportunity to own property in a great location near downtown San Antonio and Pearl, just a few steps away from many restaurants, breweries, and a CrossFit gym. The building is split into 9 units and a flexible zoning designation allows for anything from long-term or mid-term rentals, office space, retail and more! The work completed at present consists of: Foundation, framing, new electrical, new plumbing, insulation, and drywall. It is ready for a new buyer to step in and finalize renovations to bring the historic building back to its original glory. There is potential for extra income on the property via parking and laundry. In addition, there are tax advantages associated with the property. Following substantial rehabilitation of residential properties, City property taxes are frozen at the assessed value prior to rehabilitation for up to 10 years. Substantially rehabilitated commercial properties are eligible for the 5 Zero/5 Fifty tax exemption: no City property taxes are owed for the first five (5) years, and for the next five (5) years the City property taxes are assessed at 50% of a post-rehabilitation appraisal after the 5th year. The tax exemption for substantial rehabilitation remains with the property regardless of change of ownership or sale of the property." The aforementioned information can be found on the historic society of San Antonio website.

Open Houses Nearby

sorry no near by open house View all

School Information

HIGH SCHOOL
MIDDLE SCHOOL
GRADE SCHOOL

Property History

Payment Calculator

Location

Direction: Broadway to 9th Street to Alamo.

Courtesy of Birchwood Realty Group

This real estate information comes in part from the Internet Data Exchange/Broker Reciprocity Program .

Information is deemed reliable but is not guaranteed.

© 2022 San Antonio Board of Realtors. All rights reserved.

SAN ANTONIO LIVING

Search Homes For Sale