Tobin Hill Lofts
$2,050,000
327 E Locust St, San Antonio, TX 78212
6.06
Cap Rate
124,310.13
NOI
Details:
Highlights:
- Near Downtown San Antonio, The Pearl Brewery, and St. Mary's
- Newly Installed Fixtures, Courtyard, and Amenities in Every Unit
- New Cattle Fencing, Secured Access, and Laundry Room
- Private Covered Parking with Ample Street Parking
- 100% Occupied with Strong Rental History
- Value Add Opportunities Still Present
- Over $325k of Improvements
Description:
Introducing The Tobin Hills Lofts at 327 E Locust St, an exceptional multifamily property in the heart of San Antonio, TX. This 10,926 SF building, featuring 14 modern units, built in 1963 and renovated in 2023. Zoned MF-33. New cattle fencing installed around the entire .42 Acres, private covered tenant parking with ample street parking, upgraded laundry room, and new building security access. High end finishes and fixtures installed throughout including an upgraded courtyard with hammocks, landscaping, and communal fire pit. This property is stabilized at 100% occupancy with value add opportunities still present.
The apartment complex is located in a highly desirable area near downtown San Antonio, the popular Pearl Brewery development, St. Mary's strip, and plenty of walkable retail and dining options. I-35N, HWY 281, and the city's major thoroughfares are a short drive away, meaning easy central access for tenant commutes.
At the corner of E Locust St and Paschal St; conveniently located near downtown San Antonio, the popular Pearl Brewery development, St. Mary's St., and I-35N, HWY 281, major city highways.
Documents:
| Title | ||
|---|---|---|
| 327_East_Locust___Sales_Brochure.pdf |
Location
Gallery
