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Investment Highlights

  • 100% occupied
  • Central location
  • Favorable unit mix (1 bed and studio apartments)

Executive Summary

8-unit multifamily property located at 1520 D Street, Floresville, TX. 100% occupied and offered at a 10% cap rate. Units 1-5 are 1 bed / 1 bath, while units 6-8 are studio units. The property is located in Floresville, Texas - a small metro/town just outside San Antonio city limits. Floresville offers stable local demand supported by its population and proximity to the larger urban region of San Antonio, Texas - giving tenants access to city-level employment, amenities, and services while living in a lower-density community. The town has local retail, basic services, and is served by Floresville Independent School District, supporting a renter base of families and working individuals seeking affordability and access. Given full occupancy, an attractive cap rate, and a diversified unit mix, this asset presents a straightforward income-producing opportunity with upside potential as Floresville grows and remains an affordable alternative to more expensive metro markets.

Financial Summary (Actual - 2024)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $143,232 $43.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $143,232 $43.99
Taxes $12,513 $3.84
Operating Expenses $33,571 $10.31
Total Expenses $46,084 $14.15
Net Operating Income $97,148 $29.84

Financial Summary (Actual - 2024)

Gross Rental Income (CAD)
Annual $143,232
Annual Per SF $43.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $143,232
Annual Per SF $43.99
Taxes (CAD)
Annual $12,513
Annual Per SF $3.84
Operating Expenses (CAD)
Annual $33,571
Annual Per SF $10.31
Total Expenses (CAD)
Annual $46,084
Annual Per SF $14.15
Net Operating Income (CAD)
Annual $97,148
Annual Per SF $29.84

Property Facts

Price $971,482 CAD
Price Per Unit $121,435 CAD
Sale Type Investment
Cap Rate 10%
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.21 AC
Building Size 3,256 SF
Average Occupancy 100%
No. Stories 1
Year Built 1955

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Ceiling Fans
  • Vinyl Flooring

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 5 - -
Studios 3 - -
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
27101
Land Assessment
$47,828 CAD (2025)
Improvements Assessment
$577,677 CAD (2025)
Total Assessment
$625,506 CAD (2025)
Annual Taxes
$12,513 CAD ($3.84 CAD/SF)
Tax Year
2024
  • Listing ID: 38644905

  • Date on Market: 2025-12-03

  • Last Updated:

  • Address: 1520 D St, Floresville, TX 78114

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