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2703 Observation Dr

San Antonio, TX 78227
  • $3,250,000
  • STATUS: Active
  • MLS #: 1659920
UPDATED: 203 min ago
$3,250,000
  • 0
    BEDS
  • 0.88
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 23,132
    SQFT
  • $140
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1960
County:
Area:

School Ratings & Info

School District:

Description

Woodfield Apartments - 32-unit apartment complex on an almost 1-acre lot w/ 29 - 2 bed 1 bath & 3 1 bed 1bth units. 2 bedrooms average rent $900/mo., 1-bed average rent $700/mo. 2 bedrooms approx. 750 sqft and 1 bedroom approx. 550 sq.ft. 4 buildings with all roofs replaced in April 2019. Each unit has central cooling/heat. 3 out of the four commercial water heaters have been changed within three years. Pride of ownership with friendly residence and clean complex. Centrally located in an excellent location near major highways and a couple of miles from Lackland Airforce base and Seaworld. Very easy to lease due to the convenience of the location and easy access throughout the city. Potential to increase rental income by bringing rents up to market and implementing a utility bill back program. Capital improvements include roof replacement on all 4 buildings in April 2019. New exterior windows throughout the complex and fresh exterior painting. 8 units have been moderately upgraded to include flooring, kitchens, and bathrooms.

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© 2023 San Antonio Board of REALTORS® All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Glover Homes & Land Group at Keller Williams Heritage. Last updated 2023-01-29T23:32:27.3.
www.gloverhomesandland.com/homes/135933829
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2703 Observation Dr San Antonio, TX 78227

  • Price: $3,250,000
  • Status: Active
  • On Site: Days
  • Updated: 203 min ago
  • MLS #: 1659920
0
Beds
0
Baths
0
½ Baths
0.88
Acres
23,132
SQFT
$140
$/SQFT
1960
Built
Neighborhood:
San Antonio
County:
Bexar
Area:
San Antonio
School District:
Northside
Property Description
Woodfield Apartments - 32-unit apartment complex on an almost 1-acre lot w/ 29 - 2 bed 1 bath & 3 1 bed 1bth units. 2 bedrooms average rent $900/mo., 1-bed average rent $700/mo. 2 bedrooms approx. 750 sqft and 1 bedroom approx. 550 sq.ft. 4 buildings with all roofs replaced in April 2019. Each unit has central cooling/heat. 3 out of the four commercial water heaters have been changed within three years. Pride of ownership with friendly residence and clean complex. Centrally located in an excellent location near major highways and a couple of miles from Lackland Airforce base and Seaworld. Very easy to lease due to the convenience of the location and easy access throughout the city. Potential to increase rental income by bringing rents up to market and implementing a utility bill back program. Capital improvements include roof replacement on all 4 buildings in April 2019. New exterior windows throughout the complex and fresh exterior painting. 8 units have been moderately upgraded to include flooring, kitchens, and bathrooms.
Exterior Features

Construction Wood Drive In Doors 2 Foundation Slab Loading Facilities None Rail Service No Roof Composition Total Parking 40

Interior Features

Air Conditioning Central Apartment Sq Ft 23132 Ceiling Height 8 Heating Central

Property Features

Amenities Exterior Lighting Annual Tax 28000 Approx Age 63 Available With Lease No Building Center Name Woodfield Aprtments City Tax 5331 Commercial Type Apts/Retail/Strip/Busprk County Tax 2649 Flood Plain None Gas And Electric 9500 Gross Building Area 23132 Gross Income 328620 Income Expenses Actual Insurance 22435 Lease Only No Maintenance 7200 Monthly Lease 29000 Net Leasable Area 23132 Net Operating Income 219000 Other Tax 4467 Proposed Terms Other Rentals 32 Restrictions None Sale Includes BuildingsLand Sale Rent For Sale School Tax 12278 Total Tax 24725 Utilities ElectricityGasWaterTelephoneSewerCable Tv Utility Supplier Elec Cps Utility Supplier Garbage Rubicon - Ti Utility Supplier Gas Cps Utility Supplier Sewer Saws Utility Supplier Water Saws Waste Removal 4900 Zoning R-6

Listing information © 2023 San Antonio Board of REALTORS®.
Listing provided courtesy of Salvador Jauregui of Key Realty: saljauregui1@yahoo.com, (213) 505-4290.


© 2023 San Antonio Board of REALTORS® All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Glover Homes & Land Group at Keller Williams Heritage. Last updated 2023-01-29T23:32:27.3.
 
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The Glover Homes & Land Group at Keller Williams Heritage
1717 N. Loop 1604 E.
San Antonio TX, 78232