Remigio Duplex Portfolio + 8 Acres 43 Properties Offered at $10,326,675 CAD in San Antonio, TX

This 37-unit duplexes + single unit community includes a central office, a small fenced playground, and 8 additional acres at the end of the cul-de-sac (three parcels). The duplexes were part of a non-profit assisted housing program and were leased at considerably lower than market price. They all need rehabbing to include roofs, flooring, painting, etc. These do not have central ac, so the rehab cost will be lower than expected. The area is surrounded by quality newer townhouses, apartments, and new homes, all within less than a mile of the subject property. The rent potential is tremendous for these mostly 2, 3, and even some 4-bedroom units. If under-rented at $2,500 per unit, the cash flow will still be exceptional. This project is ideal for the savvy investor looking for an opportunity to offer affordable housing in a good area and have the bonus of creating something of value on the additional 8 acres at the end of the street. Once filled up, this will be like printing money. The property will be sold in a single package.