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Investment Highlights

  • 100% OCCUPIED WITH LONG TERM TENANTS.
  • SUPERIOR GROSS RENTS TO COMPETITORS AS A RESULT OF THE UPGRADED INTERIORS.
  • SIGNIFICANT CASH FLOW DUE TO LOW OPERATING COSTS AND MINIMAL MAINTENENCE.
  • PRIME LOCATION IN LIVE OAK NEARBY RANDOLPH AIRFORCE BASE.

Executive Summary

This is an exceptional investment opportunity to acquire a proven, high-income producing asset with 100% occupancy. Built in 2022, the property consists of approximately 5,324 sqft situated on 0.2319 acres. The property features four spacious units, each configured as 3 bedroom, 2.5 bath layouts, a highly desirable unit mix that continues to command strong rental demand. The units incorporate modern finishes and functional upgrades, including smart thermostats, luxury carpet, washers and dryers, stainless appliances, tile kitchen backsplash, and cabinet hardware throughout. Strategically located in Live Oak surrounded by significant development, the property benefits from steady renter demand driven by proximity to Randolph Air Force Base, major employment centers, schools, and retail amenities. Convenient access to Interstate 35, Loop 1604, and FM 78 provides efficient connectivity throughout the San Antonio metro. This is a compelling opportunity for an investor seeking a high-quality multi-family asset with strong cash flow, long-term appreciation potential, and income-sheltering benefits.

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $124,907 $23.46
Other Income - -
Vacancy Loss $4,275 $0.80
Effective Gross Income $120,632 $22.66
Taxes $17,119 $3.22
Operating Expenses $10,989 $2.06
Total Expenses $28,108 $5.28
Net Operating Income $92,524 $17.38

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual $124,907
Annual Per SF $23.46
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual $4,275
Annual Per SF $0.80
Effective Gross Income (CAD)
Annual $120,632
Annual Per SF $22.66
Taxes (CAD)
Annual $17,119
Annual Per SF $3.22
Operating Expenses (CAD)
Annual $10,989
Annual Per SF $2.06
Total Expenses (CAD)
Annual $28,108
Annual Per SF $5.28
Net Operating Income (CAD)
Annual $92,524
Annual Per SF $17.38

Property Facts

Price $1,388,324 CAD
Price Per Unit $347,081 CAD
Sale Type Investment
Cap Rate 6.66%
Gross Rent Multiplier 11
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.23 AC
Building Size 5,324 SF
Average Occupancy 100%
No. Stories 2
Year Built 2022
Zoning OCL - Outside City Limits

Amenities

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Disposal
  • Microwave
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Crown Molding
  • Kitchen
  • Granite Countertops
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Tub/Shower
  • Walk-In Closets
  • Carpet
  • Yard
  • Dining Room
  • Island Kitchen
  • Lawn
  • Pantry
  • Large Bedrooms

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2.5 4 $2,602 CAD 1,331
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
05048-502-0040
Land Assessment
$145,654 CAD
Improvements Assessment
$864,070 CAD
Total Assessment
$814,960 CAD
Annual Taxes
$17,119 CAD ($3.22 CAD/SF)
Tax Year
2025
  • Listing ID: 39318406

  • Date on Market: 2026-02-04

  • Last Updated:

  • Address: 13109 Reid Mdws, San Antonio, TX 78233

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