$1,350,000
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500 Burton Avenue San Antonio, TX 78221
20 Beds
12 Baths
7,854 SqFt
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 7,854 sqft
Price per Sqft $171
Subdivision San Jose Townsite Ncb 9335
MLS Listing ID 20731749
Sold Date 12/05/24
Bedrooms 20
Full Baths 12
HOA Y/N None
Total Fin. Sqft 7854
Year Built 1984
Annual Tax Amount $14,277
Lot Size 0.367 Acres
Acres 0.367
Lot Dimensions 189x112
Property Description
Opportunity Knocks. Built in 1984, this cashflow positive 12 unit apartment community has room to add value for an increased NOI. With a new roof in 2022, and a restriped resealed parking lot, new fence, new courtesy cameras, and an exterior facelift in 2023, this property has been very well maintained, with several major recently completed improvements. 9 of 12 units have been updated with new flooring, paint and other cosmetic touches. All units have individual electric meters, water heaters, and central HVAC systems. The onsite laundry facility, green space, and picnic area make residents feel right at home. Value add opportunities include updating 3 classic units, adding an additional washer and dryer to the laundry facility, offering premium parking, trash porter service, cable package, converting the green space into a dog park or BBQ pit, and converting the apartments into an 'All Bills Paid' community.
Location
State TX
County Bexar
Community Laundry
Direction From down town, Get on I-10 E I-35 S from S Flores St. Follow I-35 S to Interstate 35 Access Rd. Take exit 150B from I-35 S. Continue on Interstate 35 Access Rd. Take SW Military Dr to Burton Ave.
Interior
Interior Features Cable TV Available, Eat-in Kitchen, High Speed Internet Available, Multiple Staircases
Heating Central, Electric
Cooling Central Air, Electric
Flooring Carpet, Luxury Vinyl Plank, Vinyl
Appliance Electric Range, Electric Water Heater, Microwave, Refrigerator
Heat Source Central, Electric
Exterior
Exterior Feature Storage
Fence Privacy
Community Features Laundry
Utilities Available Asphalt, Cable Available, City Sewer, City Water, Concrete, Curbs, Electricity Available, Electricity Connected, Master Water Meter, Phone Available, Sewer Available, Sidewalk
Roof Type Composition
Garage No
Building
Lot Description Corner Lot, Few Trees, Level
Story Two
Foundation Slab
Level or Stories Two
Structure Type Frame,Siding,Stucco,Wood
Schools
Elementary Schools Bellaire
Middle Schools Terrellwel
High Schools Mccollum
School District Harlandale Isd
Others
Ownership 500 BURTON STREET LLC
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition Aerial Photo, Environ. Study Complete, Survey Available
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Bought with Non-Mls Member • NON MLS