1535 W LAUREL, SAN ANTONIO, TX 78201

Homes for sale in San Antonio.

Homes for sale in 78201.


Status of the property has changed, please contact for details

List Price$720,000

1535 W Laurel

San Antonio, TX 78201

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #1998762

4

Number of Units

Multi-Unit Residential

Type

About This Property

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.

Listing Courtesy of Marc Longoria, LPT Realty, LLC (210) 262-7815

Property Features

Location Information

County

Bexar

Subdivision

CULEBRA S. TO DELGADO SA

MLS Area

0700

Interior Features

Heating

Central

Unit 2 Features

Bedrooms: 3, FullBaths: 2, HalfBaths: 0

Heating Fuel

Electric

Unit 3 Features

Bedrooms: 3, FullBaths: 2, HalfBaths: 0

Cooling

One Central, Three+ Central

Unit 4 Features

Bedrooms: 3, FullBaths: 2, HalfBaths: 0

Floors

Carpeting, Ceramic Tile, Laminate

Total Number of Units

4

Unit 1 Features

Bedrooms: 3, FullBaths: 2, HalfBaths: 0

Exterior Features

Exterior

Level

Roof

Composition

Siding

Cement Fiber

Water / Sewer

City

Builder

Meyer Miller Developers

Lot Size

0.206

Foundation

Cedar Post

Zoning

MF-33

School

School District

San Antonio I.S.D.

Jr. High School

Call District

Elementary School

Call District

High School

Call District

Additional Information

Property Type

RI

Status

New

Year Built

2020

None

Gross Annual Income

48,600

Similar Listings

Mortgage Calculator

$3,362

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$2,594

Monthly Tax

$600

Monthly Insurance

$168

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Schools

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