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Palo Alto 11327 Clearmine St 4 Unit Apartment Building $1,349,888 CAD ($337,472 CAD/Unit) 6.24% Cap Rate San Antonio, TX 78224

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INVESTMENT HIGHLIGHTS

  • New fourplex construction with modern finishes
  • Financing incentives available from 5.25%
  • Near Texas A&M–San Antonio and Palo Alto College
  • Located in booming South San Antonio near major employers
  • Minutes from downtown and Riverwalk attractions
  • Includes electric car charger, irrigation system, and fire suppression

EXECUTIVE SUMMARY

Brand-New Fourplex Investment Opportunity with Exceptional Incentives!
Take advantage of limited-time financing incentives—including reduced interest rates and closing cost assistance—on these stunning new construction fourplexes, each located in a designated Opportunity Zone (OZ) for potential tax advantages.
Built with quality and peace of mind in mind, these homes come with a full builder warranty and are move-in ready!
Palo Alto Cove is situated in San Antonio’s rapidly growing south side, just minutes from Palo Alto College and Texas A&M University–San Antonio. The area is booming with economic activity and job growth, including Toyota’s manufacturing campus and subsidiaries, employing over 10,000 people.
Each fourplex includes four spacious units, each measuring 1,362 sq ft, with:
3 bedrooms and 2.5 bathrooms
1-car garage and a covered patio
Modern, open-concept layouts
High-end finishes come standard, including:
Granite countertops
Luxury vinyl plank flooring
Subway tile showers
Oil-rubbed bronze fixtures
Stainless steel appliances (refrigerator, stove, microwave, and dishwasher included)
Total building size: 5,448 sq ft
Whether you're a seasoned investor or entering multifamily for the first time, this is a rare opportunity to own a turnkey income property in a high-demand rental market.

FINANCIAL SUMMARY (PRO FORMA - 2024)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $114,637 $21.04
Other Income - -
Vacancy Loss - -
Effective Gross Income $114,637 $21.04
Taxes $19,383 $3.56
Operating Expenses $11,070 $2.03
Total Expenses $30,453 $5.59
Net Operating Income $84,183 $15.45

FINANCIAL SUMMARY (PRO FORMA - 2024)

Gross Rental Income (CAD)
Annual $114,637
Annual Per SF $21.04
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $114,637
Annual Per SF $21.04
Taxes (CAD)
Annual $19,383
Annual Per SF $3.56
Operating Expenses (CAD)
Annual $11,070
Annual Per SF $2.03
Total Expenses (CAD)
Annual $30,453
Annual Per SF $5.59
Net Operating Income (CAD)
Annual $84,183
Annual Per SF $15.45

PROPERTY FACTS

Price $1,349,888 CAD
Price Per Unit $337,472 CAD
Sale Type Investment
Cap Rate 6.24%
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class B
Lot Size 3.67 AC
Building Size 5,448 SF
No. Stories 2
Year Built 2025
Parking Ratio 0.37/1,000 SF
Opportunity Zone Yes
Zoning MF-33 - Multifamily District

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Fenced Lot
  • Tenant Controlled HVAC
  • Car Charging Station
  • Walk-Up
  • Smoke Detector

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
14552-000-0020
Land Assessment
$297,481 CAD
Improvements Assessment
$0 CAD
Total Assessment
$297,481 CAD
Annual Taxes
$19,383 CAD ($3.56 CAD/SF)
Tax Year
2024
  • Listing ID: 32239200

  • Date on Market: 2024-06-24

  • Last Updated:

  • Address: 11327 Clearmine St, San Antonio, TX 78224

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