Discover Your Dream Investment at 1246 Waverly Avenue! Step into a rare opportunity with this stunning triplex, perfectly nestled at the vibrant intersection of Glenmore and Waverly, right in the heart of the enchanting Woodlawn Lake Community. This iconic area, boasting a picturesque lake built in the 1880s, offers not just a home, but a lifestyle! Imagine strolling along scenic walking trails, enjoying sunny days at the dog park, or unwinding at the swimming pool-all just steps from your door. Location couldn't be better-less than 5 minutes from the bustling Riverwalk and the trendy Pearl district, with quick access to the Medical Center. Zoned RM-4-an extraordinary rarity in this sought-after lakeside enclave-this property stands out as a prime investment. With three meticulously rehabbed units (2022) and no HOA to worry about, you'll appreciate the current gross annual income of $85K and an impressive cap rate. Two units are already rented with established leases, while the front unit offers fantastic short- and mid-term rental potential. Plus, with RM-4 zoning, there's room to add a charming tiny house! Included in this incredible package are all furnishings and an inventory of everything you need to hit the ground running. This property is not just a triplex; it's a fantastic investment opportunity waiting for you to seize! Don't miss out-schedule your viewing today and make this gem yours!
MLS# | 1813726 |
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Listing Type | For Sale |
Style | House |
Status | Price Change |
Year | 1947 |
Days On Site | 199 |
Listing Provided By | LPT Realty, LLC | Kathy Clay |
SQ Feet | 2,840 |
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Units | 3 |
Zoning | RM-4, NCD-8 |
Acreage | 0.23 |
State | TX |
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County | Bexar |
City | San Antonio |
Zip Code | 78201 |
Area | Bexar |
Community Name | WOODLAWN LAKE |
School District | San Antonio I.S.D. |
Elementary School | Fenwick |
Middle School | Fenwick |
High School | Jefferson |
Listing VS Median (In WOODLAWN LAKE) | |
Price: $674,000 low | high Med: $271,000 SqFt: 2,840 low | high Med: 1,583 $ / SqFt: $237 low | high Med: $171 On site: 199 low | high Med: 16.000000 |