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Est. payment /mo
12 Beds
8 Baths
2,212 SqFt
Price Dropped by $10K
1535 Laurel San Antonio, TX 78201
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Key Details
Property Type Multi-Family
Sub Type Two Story
Listing Status Active
Purchase Type For Sale
Square Footage 2,212 sqft
MLS Listing ID 1998762
Style Two Story
Bedrooms 12
Full Baths 8
Year Built 2020
Annual Tax Amount $7,850
Lot Size 8,973 Sqft
Acres 0.206
Property Sub-Type Two Story
Property Description
MOTIVATED SELLER - Exceptional income potential awaits with this multifamily investment property in San Antonio - already producing $4,050/month in day-one income from Units 2 and 4 (currently leased to 5 tenants renting by the room). This property has a set of 2 duplexes built in 2021, on a single MF-33 zoned lot. Each of the four units offer identical 3-bedrooms and 2 full baths. Units 1 and 3 fully vacant and Unit 4 having one additional vacant room - giving a buyer 7 vacant bedrooms total ready to generate immediate upside. OPTION 1: Lease Units 1 and 3 the traditional way at $1,350/month each and fill the remaining vacant room in Unit 4, bringing total gross monthly income to $7,550 (a potential $90,600 annually). OPTION 2: follow the current owner's proven by-the-room strategy, renting all 7 vacant bedrooms individually at $800/month each for a total gross monthly income of $9,650 (a potential $115,800 annually). OPTION 3: This property is also a house hacking dream for owner-occupants: live in Unit 1 and rent out Unit 3 traditionally plus fill the vacant room in Unit 4, for a total gross monthly income around $6,200 ($74,400 annually) while living virtually rent-free. OPTION 4: Go aggressive by living in a single room within Unit 1 and renting out every other bedroom on the property by-the-room, generating approximately $8,850/month ($106,200 annually) toward your housing costs and beyond. Ideally located with easy access to I-10, residents enjoy proximity to downtown San Antonio, the Pearl District, La Cantera, The Rim, Six Flags Fiesta Texas, San Antonio College and St. Mary's University. Whether you're scaling a rental portfolio or house hacking your way into ownership, this property offers multiple paths to strong returns.
Location
State TX
County Bexar
Area 0700
Zoning MF-33
Interior
Heating Central
Cooling One Central, Three+ Central
Flooring Carpeting, Ceramic Tile, Laminate
Exterior
Exterior Feature Cement Fiber
Garage Spaces 8.0
Roof Type Composition
Building
Foundation Cedar Post
Sewer City
Water City
Schools
Elementary Schools Call District
Middle Schools Call District
High Schools Call District
School District San Antonio I.S.D.
Others
Acceptable Financing Conventional, FHA, VA, Cash
Listing Terms Conventional, FHA, VA, Cash
Listed by Marc Longoria • LPT Realty, LLC • (210) 262-7815
NEARBY SCHOOL & BUSINESS
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