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Malik V. Harris

mvhrealtortx@gmail.com +1(510) 326-3612

$ 750,000

Est. payment | -/mo

9 Beds

5 Baths

4,286 SqFt

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$ 750,000

Est. payment | -/mo

Save

9 Beds

5 Baths

4,286 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family (2-8 Units)

Listing Status Active

Purchase Type For Sale

Square Footage 4,286 sqft

Price per Sqft $174

Subdivision Harlandale

MLS Listing ID 2005498

Style Two Story

Bedrooms 9

Full Baths 5

Construction Status Pre-Owned

Annual Tax Amount $7,889

Lot Size 0.345 Acres

Property Sub-Type Multi-Family (2-8 Units)

Property Description

This is a rare opportunity to acquire three multifamily buildings on three separate parcels in one package, offering immediate cash flow with significant upside. Situated on 0.345 acres and totaling 4,286 SF, the property is zoned MF-33, providing valuable flexibility in a market where multifamily opportunities are increasingly difficult to find. The portfolio has undergone substantial improvements, with two buildings recently rehabilitated and the third approximately 70% complete, allowing a new owner to finish the project and realize the remaining value-add potential. Currently, three units are leased with two additional units ready for occupancy, providing an immediate opportunity to increase cash flow through lease-up. The property's pro forma gross annual income is approximately $64,200 with estimated operating expenses of $22,610 (including property taxes, insurance, maintenance, and utilities currently paid by ownership), resulting in a projected Net Operating Income of approximately $41,590. At the asking price, the property offers an attractive 5.55% cap rate, with additional upside available through operational improvements. An additional approximately 850 SF of unfinished space presents the opportunity to create income-producing space, further enhancing returns. There may also be future opportunities to reduce operating expenses by separately metering utilities or implementing utility reimbursement programs, increasing NOI over time. Whether you're looking to expand your multifamily portfolio or complete a partially finished redevelopment project with strong income potential, 101, 103 & 107 Stanley Ct offers an attractive combination of existing cash flow, redevelopment upside, and long-term investment potential.

Location

State TX

County Bexar

Area 3100

Zoning MF-33

Interior

Heating 3+ Units

Cooling 3+ Window/Wall

Flooring Ceramic Tile, Vinyl

Exterior

Exterior Feature Siding

Garage Spaces 6.0

Roof Type Composition

Building

Foundation Slab, Cedar Post

Sewer City

Water City

Construction Status Pre-Owned

Schools

Elementary Schools Call District

Middle Schools Call District

High Schools Call District

School District Call District

Others

Acceptable Financing Conventional, 1st Seller Carry, Cash, Investors OK

Listing Terms Conventional, 1st Seller Carry, Cash, Investors OK

LERA MLS - Local Expertise Regional Access / SABOR

Listed by Christopher Parreira • W.C. Miller Properties • (830) 708-5700

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(510) 326-3612

mvhrealtortx@gmail.com

4115 Pond Hill Rd, San Antonio, TX 78231-1284, USA

101 Stanley Ct San Antonio, TX 78214

Malik V. Harris

Key Details

Location

Interior

Exterior

Building

Schools

Others

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101 Stanley Ct