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811 Montana St 2 Unit Apartment Building $1,744,900 CAD ($872,450 CAD/Unit) 4.36% Cap Rate San Antonio, TX 78203
INVESTMENT HIGHLIGHTS
- Industrial design with warm contemporary finishes including elegant use of wood, metal, and glass
- Private courtyard and security system.
- Rooftop deck with panoramic views of the Tower of the Americas.
EXECUTIVE SUMMARY
Strong investment potential located directly in the growth path of the new Spurs stadium and Project Marvel. The internal rate of return exceeds 25%, with a projected total cash-on-cash return over five years conservatively estimated at 125% and potentially reaching 200%, depending on the rental strategy. The cap rate remains strong for a Class A investment, ranging between 5–10%, based on whether a short-term or long-term rental approach is utilized. This area has experienced an annualized appreciation rate exceeding 15% year over year, with appreciation rates expected to continue rising.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$110,306
|
$31.35
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$110,306
|
$31.35
|
| Taxes |
$25,695
|
$7.30
|
| Operating Expenses |
$8,529
|
$2.42
|
| Total Expenses |
$34,224
|
$9.73
|
| Net Operating Income |
$76,082
|
$21.62
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $110,306 |
| Annual Per SF | $31.35 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $110,306 |
| Annual Per SF | $31.35 |
| Taxes (CAD) | |
|---|---|
| Annual | $25,695 |
| Annual Per SF | $7.30 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $8,529 |
| Annual Per SF | $2.42 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $34,224 |
| Annual Per SF | $9.73 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $76,082 |
| Annual Per SF | $21.62 |
PROPERTY FACTS
| Price | $1,744,900 CAD | Building Class | A |
| Price Per Unit | $872,450 CAD | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 3,519 SF |
| Cap Rate | 4.36% | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | Parking Ratio | 0.57/1,000 SF |
| Apartment Style | Townhome |
| Price | $1,744,900 CAD |
| Price Per Unit | $872,450 CAD |
| Sale Type | Investment |
| Cap Rate | 4.36% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | A |
| Lot Size | 0.25 AC |
| Building Size | 3,519 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2023 |
| Parking Ratio | 0.57/1,000 SF |
AMENITIES
UNIT AMENITIES
- Balcony
- Dishwasher
- Disposal
- Washer/Dryer
- Washer/Dryer Hookup
- Ceiling Fans
- Refrigerator
- Oven
- Deck
SITE AMENITIES
- Controlled Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2.5 | 2 | - | 1,759 |
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811 Montana St
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