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1110 W Ashby Pl 7 Unit Apartment Building $892,390 CAD ($127,484 CAD/Unit) 9.36% Cap Rate San Antonio, TX 78201
Investment Highlights
- Cash-flowing 7-unit multifamily in the growing Alta Vista / Beacon Hill corridor
- 9.3% going-in cap rate
- 5 of 7 units currently occupied with upside through lease-up and rent optimization
- Approximately $60,000 NOI
- 8.3% cap rate after tax reassessment
- Strong current income + long-term appreciation potential
Executive Summary
A rare opportunity to acquire a cash-flowing 7-unit multifamily asset in the rapidly growing Alta Vista / Beacon Hill corridor. This property delivers both immediate income and long-term appreciation, making it an ideal acquisition for yield-focused investors. The asset produces approximately $60,000 in net operating income, offering a 9.3% going-in cap rate and an 8.3% cap rate after tax reassessment-strong fundamentals by today's standards. Currently 5 of 7 units are occupied, providing built-in upside through lease-up and rent optimization. Strategically located just minutes from San Antonio College, The Pearl, and St. Mary's Strip, the property benefits from consistent rental demand driven by students, professionals, and urban renters seeking proximity to San Antonio's most active employment and lifestyle hubs.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $892,390 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $127,484 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 9.36% | Building Size | 3,802 SF |
| No. Units | 7 | Average Occupancy | 71% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1917 |
| Zoning | R-6 NCD-5 - Residential Single-Family District | ||
| Price | $892,390 CAD |
| Price Per Unit | $127,484 CAD |
| Sale Type | Investment |
| Cap Rate | 9.36% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 3,802 SF |
| Average Occupancy | 71% |
| No. Stories | 2 |
| Year Built | 1917 |
| Zoning | R-6 NCD-5 - Residential Single-Family District |
Amenities
Unit Amenities
- Air Conditioning
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $1,252 CAD | - |
| 1+1 | 1 | $1,252 CAD | - |
| 1+1 | 1 | $1,176 CAD | - |
| Studios | 1 | $1,176 CAD | - |
| 1+1 | 1 | $1,363 CAD | - |
| 2+1 | 1 | $1,280 CAD | - |
| Studios | 1 | $1,307 CAD | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 03032-003-0151 | Improvements Assessment | $31,731 CAD |
| Land Assessment | $339,473 CAD | Total Assessment | $371,204 CAD |
Property Taxes
Parcel Number
03032-003-0151
Land Assessment
$339,473 CAD
Improvements Assessment
$31,731 CAD
Total Assessment
$371,204 CAD
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1110 W Ashby Pl
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