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2118 Wilson Blvd 2 Unit Apartment Building $395,922 CAD ($197,961 CAD/Unit) 8.16% Cap Rate San Antonio, TX 78228
Investment Highlights
- The property offers a rare combination of current cash flow and future redevelopment potential
Executive Summary
POTENTIAL DEVELOPMENT INCOME GENERATOR
• Oversized Lot – The property sits on an expansive lot with approximately 280 feet of depth—much deeper than typical lots in the area.
• Multiple Development Paths- The rear portion of the lot provides an excellent opportunity for additional units, adu’s or future expansion.
• Strong Rental Demand- San Antonio’s North Central continues to experience strong rental demand and population growth.
• Value – Add Upside – Redevelopment can significantly increase cash flow and overall property value
• Flexible Strategy- Keep the existing duplex as income producing and redevelop the rear or convert to townhouse style units.
**Schematic Available
FINANCIAL & ASSET SNAPSHOT
• Price: $285,000
• Gross Annual Income: $33,360.00
• Annual Property Taxes: $8,907.72
• Bexar County Tax Assessed Value: $365,000
• Net Operating Income (NOI): $23,252.28
• Current Capitalization Rate: 8.16% | Gross Rent Multiplier (GRM): 8.54
**Offering Memorandum Available
SEE ATTACHED FLYER FOR MORE DETAILS & Development Potential
• Oversized Lot – The property sits on an expansive lot with approximately 280 feet of depth—much deeper than typical lots in the area.
• Multiple Development Paths- The rear portion of the lot provides an excellent opportunity for additional units, adu’s or future expansion.
• Strong Rental Demand- San Antonio’s North Central continues to experience strong rental demand and population growth.
• Value – Add Upside – Redevelopment can significantly increase cash flow and overall property value
• Flexible Strategy- Keep the existing duplex as income producing and redevelop the rear or convert to townhouse style units.
**Schematic Available
FINANCIAL & ASSET SNAPSHOT
• Price: $285,000
• Gross Annual Income: $33,360.00
• Annual Property Taxes: $8,907.72
• Bexar County Tax Assessed Value: $365,000
• Net Operating Income (NOI): $23,252.28
• Current Capitalization Rate: 8.16% | Gross Rent Multiplier (GRM): 8.54
**Offering Memorandum Available
SEE ATTACHED FLYER FOR MORE DETAILS & Development Potential
Data Room Click Here to Access
Property Facts
| Price | $395,922 CAD | Apartment Style | Hi-Rise |
| Price Per Unit | $197,961 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 8.16% | Building Size | 2,588 SF |
| Sale Condition | Redevelopment Project | Average Occupancy | 100% |
| Gross Rent Multiplier | 8.54 | No. Stories | 2 |
| No. Units | 2 | Year Built/Renovated | 1935/2021 |
| Property Type | Multifamily | Parking Ratio | 2.32/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RM-4 - RM-4 Residential Mixed District • Expansion: Opportunity to develop a second 2-story duplex; schematic available | ||
| Price | $395,922 CAD |
| Price Per Unit | $197,961 CAD |
| Sale Type | Investment |
| Cap Rate | 8.16% |
| Sale Condition | Redevelopment Project |
| Gross Rent Multiplier | 8.54 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Hi-Rise |
| Building Class | B |
| Lot Size | 0.29 AC |
| Building Size | 2,588 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1935/2021 |
| Parking Ratio | 2.32/1,000 SF |
| Zoning | RM-4 - RM-4 Residential Mixed District • Expansion: Opportunity to develop a second 2-story duplex; schematic available |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Yard
- Dining Room
- Handrails
- Lawn
- Pantry
- Smoke Free
About 2118 WILSON BLVD , SAN ANTONIO, TX 78228
2118 Wilson Blvd | San Antonio, TX 78201 PROPERTY SPECIFICATIONS • Structure: Income producing, 2-Story Duplex (Fully Leased) • Zoning: RM-4 (Residential Mixed District) • Lot Size: Massive 12,675 Sq. Ft. footprint with deep backyard space. • Parking & Access: Private dedicated parking nestled quietly behind the structure via Canfield St., featuring mature shade trees and excellent privacy. • Tenancy: 100% occupied by exceptional, multi-year, long-term residents on flexible month-to-month terms. • Utilities: Separate electric meter **Offering Memorandum Available SEE ATTACHED FLYER FOR MORE DETAILS & Development Potential; Schematic Available
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 2 | $1,931 CAD | 1,300 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 06757-001-0020 | Improvements Assessment | $340,401 CAD |
| Land Assessment | $162,621 CAD | Total Assessment | $503,021 CAD |
Property Taxes
Parcel Number
06757-001-0020
Land Assessment
$162,621 CAD
Improvements Assessment
$340,401 CAD
Total Assessment
$503,021 CAD
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2118 Wilson Blvd
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