Investment Opportunity w/ multiple uses | 7009 S. Flores

Description:

Investment Opportunity with multiple uses. This 3.88 Acre tract currently serves as a mobile home park offering a 6.79% cap rate. 31 of the 36 available mobile home slots are leased on a month to month basis. Substantial potential for multifamily housing or new residential development.  The property is being offered strictly at land value, with no consideration of existing operations or financial performance.  

• Cap Rate: 7.08%

• Gross Income: $113,107

• Expenses: $31,668

• NOI: $81,439

• Land $6.80  / sf

•420' of frontage on S. Flores 
• 3 miles to Brooks City Base
• 2 miles to Loop 410
• 5 Miles to I-37


The area around Brooks City Base in San Antonio has been undergoing significant residential development in recent years, fueled by the growth of both the city's economy and the revitalization of the historic Brooks campus. Brooks City Base, once home to a major U.S. Air Force base, has been transformed into a mixed-use community, blending residential, commercial, and recreational spaces. Brooks itself has become a hub for both new and redeveloped residential communities. In addition to mixed-use properties, there are a growing number of single-family homes, townhomes, and apartments being built to accommodate the rising demand for housing. Brooks City Base is home to a diverse array of employers, including healthcare facilities (like the Brooks Medical Center), tech companies, and retail businesses, making the area increasingly attractive for residential development. With easy access to I-37, I-410, and S. Flores Street, residents are well-connected to the rest of the city, including downtown San Antonio, which further boosts the appeal for residential development.


 


All current tenants are on a month-to-month basis, providing flexibility for a smooth transition for future redevelopment
3 miles to Brooks City Base
2 miles to Loop 410
5 Miles to I-37