1535 W LAUREL, SAN ANTONIO, TX 78201
Homes for sale in San Antonio.
Homes for sale in 78201.
List Price$720,000
1535 W Laurel
San Antonio, TX 78201
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.
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