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1501 E Southcross Blvd 28 Unit Apartment Building For Sale 6% Cap Rate San Antonio, TX 78223
Investment Highlights
- 7 Minutes from Downtown San Antonio
- Complex Includes a Dog Park
- Nearby Businesses Include: Multiple Restaurants, HEB, Riverside Golf Course, and Mission County Park
- 17 Minutes from Texas A&M San Antonio
- Rooms Include a Washer and Dryer Hookup
Executive Summary
100% occupied investment opportunity! Discover this compelling investment option nestled in the up-and-coming San Antonio area-an ideal prospect for those looking to fortify their portfolio with a low-maintenance addition. This brand-new multi-family development is a must-see, featuring 28 units presenting 745 sq.ft. Layouts with two well-proportioned bedrooms and one bathroom. Experience contemporary living with open-plan and light-filled living spaces, perfectly tailored to modern lifestyles. Choose from two distinct floorplans offering well-equipped kitchens with ample storage and top-quality appliances. The convenience is further enhanced by central parking within the development. Additionally, relish the advantages of a central location, providing effortless access to all essential amenities for prospective tenants. Restaurants, schools, and shops are all within close proximity, adding to the allure of this easy-care investment opportunity in the up-and-coming San Antonio area. Seize the chance to enhance your portfolio with a property that combines practicality, style, and a prime location!
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$524,234
|
$26.17
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,563
|
$0.38
|
| Effective Gross Income |
$516,671
|
$25.79
|
| Taxes |
$92,341
|
$4.61
|
| Operating Expenses |
$84,432
|
$4.21
|
| Total Expenses |
$176,773
|
$8.82
|
| Net Operating Income |
$339,898
|
$16.97
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $524,234 |
| Annual Per SF | $26.17 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $7,563 |
| Annual Per SF | $0.38 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $516,671 |
| Annual Per SF | $25.79 |
| Taxes (CAD) | |
|---|---|
| Annual | $92,341 |
| Annual Per SF | $4.61 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $84,432 |
| Annual Per SF | $4.21 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $176,773 |
| Annual Per SF | $8.82 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $339,898 |
| Annual Per SF | $16.97 |
Property Facts
| Sale Type | Investment | Lot Size | 0.90 AC |
| Cap Rate | 6% | Building Size | 20,034 SF |
| No. Units | 28 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2024 |
| Apartment Style | Low-Rise | Parking Ratio | 2.3/1,000 SF |
| Building Class | B | ||
| Zoning | MF-33 - multi-family use with a maximum density of up to thirty-three (33) units per acre, depending on unit size | ||
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.90 AC |
| Building Size | 20,034 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 2.3/1,000 SF |
| Zoning | MF-33 - multi-family use with a maximum density of up to thirty-three (33) units per acre, depending on unit size |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Ceiling Fans
- Kitchen
- Dining Room
Site Amenities
- 24 Hour Access
- Controlled Access
- Pet Play Area
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 28 | $1,531 CAD | 713 - 718 |
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Property Taxes
| Parcel Number | 08090-000-0370 | Total Assessment | $3,829,364 CAD |
| Land Assessment | $592,129 CAD | Annual Taxes | $92,341 CAD ($4.61 CAD/SF) |
| Improvements Assessment | $3,237,235 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
08090-000-0370
Land Assessment
$592,129 CAD
Improvements Assessment
$3,237,235 CAD
Total Assessment
$3,829,364 CAD
Annual Taxes
$92,341 CAD ($4.61 CAD/SF)
Tax Year
2025
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1501 E Southcross Blvd
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