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1409 W Woodlawn Ave 8 Unit Apartment Building $816,918 CAD ($102,115 CAD/Unit) 10.01% Cap Rate San Antonio, TX 78201
Investment Highlights
- 6 of 8 units renovated
- Stabilized / Pro Forma NOI: $58,080 = 8.31% cap rate at asking
- Value add opportunity
- Proximity to Woodlawn Lake Park, San Antonio College, St. Mary’s University, Downtown SA, and the Pearl District, with quick access to I-10
Executive Summary
Stabilized 8-plex with remaining upside in the Monticello Park submarket. This 10,851 SF, 2-story, brick asset (built 1940) sits on 0.44 acres and is zoned MF-33. Six of eight units have been renovated and are leasing at higher rates based on historical lease rates, leaving a clear runway to complete remaining improvements and pursue additional rent growth through minor cosmetic upgrades, landscaping/curb appeal enhancements, and potential washer/dryer additions.
Stabilized NOI: $58,080 = 8.94% cap rate at the $699,000 offering price (NOI/price).
Demand drivers include proximity to Woodlawn Lake Park (~0.9 mi), San Antonio College (~1.6 mi), St. Mary’s University (~4.0 mi), and quick access to I-10, Downtown, and major employment nodes.
Buyer to verify all information and complete independent underwriting.
Stabilized NOI: $58,080 = 8.94% cap rate at the $699,000 offering price (NOI/price).
Demand drivers include proximity to Woodlawn Lake Park (~0.9 mi), San Antonio College (~1.6 mi), St. Mary’s University (~4.0 mi), and quick access to I-10, Downtown, and major employment nodes.
Buyer to verify all information and complete independent underwriting.
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Refrigerator
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 06480-001-0620 | Improvements Assessment | $715,930 CAD |
| Land Assessment | $164,370 CAD | Total Assessment | $880,300 CAD |
Property Taxes
Parcel Number
06480-001-0620
Land Assessment
$164,370 CAD
Improvements Assessment
$715,930 CAD
Total Assessment
$880,300 CAD
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1409 W Woodlawn Ave
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