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Elmendorf,TX 78112
Key Details
Property Type Multi-Family
Sub Type Multi-Family (2-8 Units)
Listing Status Active
Purchase Type For Sale
Square Footage 3,812 sqft
Price per Sqft $171
Subdivision Elmendorf Area Ec
MLS Listing ID 1895566
Style One Story
Bedrooms 9
Full Baths 9
Annual Tax Amount $5,000
Lot Size 2.177 Acres
Property Sub-Type Multi-Family (2-8 Units)
Property Description
This 8-unit manufactured housing community provides significant upside potential for new ownership. The Cozy Cottages have been remodeled and well maintained, and cared for, ensuring a hassle-free transition for new owners. With proactive management, this property offers investors ease of ownership and peace of mind. The Cottages are situated in a submarket with robust fundamentals, and benefit from a growing rental market, along with being located close to employment centers in the growing vicinity of Elmendorf - such as a large Home Depot Distribution Warehouse, Semi Truck Manufacturer Navistar, and several others. There are three major thoroughfares within seven miles of the property, including Interstates 37 and 410 and Loop 1604. The Cozy Cottages of Elmendorf also boasts not only minimal deferred maintenance but also a significant increase in rental income over the past year. All units have undergone significant remodeling. New owners have the opportunity to maintain this trend by continuing to lease units at rates already being captured and proven. Additionally, The Cottages have City Water, four septic systems, and 94 solar panels ($90,000 + Paid Off and part of the property) on the property, for low monthly utility bills. Buyers could be a multi-family investor or a family that wants multi-generational living. The property is ready for new ownership in either category.
Location
State TX
County Bexar
Area 2003
Zoning OCL
Interior
Heating Window Unit,1 Unit
Cooling Window/Wall,Two Window/Wall
Flooring Ceramic Tile,Laminate
Exterior
Exterior Feature Wood,Siding
Garage Spaces 16.0
Roof Type Metal
Building
Sewer Septic,City
Water City
Schools
Elementary Schools Call District
Middle Schools Call District
High Schools East Central
School District East Central I.S.D
Others
Acceptable Financing Conventional,Cash
Listing Terms Conventional,Cash