Alamo Heights and Alta Vista Multifamily Portfolio

Description:

Here is a great opportunity to pick up a 3 property multifamily portfolio, totaling 8 units, in two highly sought-after zipcodes; 78209 and 78212.​ These properties can be sold individually to an owner/user and/or an investor; or as a portfolio.​ 506 W Lynwood is currently under contract.

The first property is a beautifully maintained Fourplex, in the Heart of Alamo Heights, located at 6711 Broadway.​ This property was built in 1935 and is surrounded by gorgeous oak trees and has so much charm! The front units are both large One Bedroom, One Bath units, that have been beautifully renovated and updated.​ They also feature a front porch and balcony for outdoor enjoyment.​ There are also two units in the back; an efficiency unit downstairs and a One Bedroom unit upstairs with a balcony.​ The downstairs unit has it’s own washer and dryer and there is a separate Laundry Room in the back for the other tenants.​

 

The second property is a 1927 Cottage style Duplex in Alta Vista, located 228 W Norwood Ct.​ This property is surrounded by gorgeous properties! Charm galore! The downstairs unit is a 2 Bedroom with a bonus study with outside access and 1 Bath.​ Extensively remodeled! Upstairs is also a 2 Bedroom, 1 Bath with a Balcony.​ There is an additional Laundry Room in back for tenant convenience.​

 

UNDER CONTRACT: The third property is located at 506 W Lynwood Ave.​ This 1929 Duplex in Alta Vista is a real charmer and is surrounded by gorgeous properties! Gorgeous curb appeal and a great mirrored floor plan that is identical on both sides! Each unit has 2 bedrooms and 1 Bath, with a faux fireplace and mantle, and each have a stacked Washer/Dryer unit.​ There is secured storage attached to the garage as well.​

 

Each property has upside potential and would also make a wonderful Buy/Hold or 1031 Exchange purchase!


Located in Alamo Heights and Alta VIsta.




​6711 Broadway St., 78209, 4 Units, $675,000.


​228 W Norwood Ct., 78212, 2 Units, $460,000.


​UNDER CONTRACT: 506 W Lynwood Ave., 78212, 2 Units, $435,000.


​Properties can be sold individually or as a portfolio.


​Great 1031 Exchange!


​Currently at below market rents with several longterm tenants.