$6,250,000
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34,416 SqFt
SOLD DATE : 12/20/2024
Key Details
Property Type Multi-Family
Sub Type Multi-Family (2-8 Units)
Listing Status Sold
Purchase Type For Sale
Square Footage 34,416 sqft
Price per Sqft $163
Subdivision De Zavala Business
MLS Listing ID 1747076
Sold Date 12/20/24
Style Two Story
Construction Status Pre-Owned
Year Built 2020
Annual Tax Amount $126,317
Lot Size 1.830 Acres
Property Sub-Type Multi-Family (2-8 Units)
Property Description
Cristabel Court Residences is a well maintained Thirty-One Unit Apartment Complex that is located near the IH-10 West/ Loop 1604 Corridor. This complex boasts 5 Apartment Buildings on approximately 1.85 ACRES with Ample Parking and a Community Picnic area onsite. Four of the buildings were completed in July of 2020 (eight 3 BR/2 BA and seventeen 2 BR/2 BA's.) and One was built in 1995 ( Four 2 BR/2 BA, One 1 BR/1 BA & One 2 BR/ 1 BA) and fully renovated in 2021. Each Unit has upgraded Amenities that includes: 9 FT Ceilings, Granite Countertops & Backsplashes, Ceiling Fans, Stainless Steel Appliances, Washer & Dryers, 95% to 100% Leased the last three years. Value-add opportunities through Rent Growth, Pro Rata Share of Water Utility, Wash/Dryer Income & Covered Parking. . There are two fully-furnished short term rentals that are leased both on Airbnb/VRBO---- two additional short term rentals have been approved by the City of San Antonio. The Water utility is also currently included with the rent.....potential to chargeback water and common area electricity(approx. 25-30k/yr) to the tenants at renewal phase. Located within 5 minutes from The South Texas Medical Center, La Cantera Mall, The Rim Shopping Center, Fiesta Texas, UTSA, USAA, Valero, The Texas Hill Country and many other major San Antonio destinations.
Location
State TX
County Bexar
Area 0500
Zoning MF-33
Interior
Heating Central
Cooling Multi-Unit Central, Unit Central
Flooring Carpeting, Ceramic Tile
Exterior
Exterior Feature 4 Sides Masonry, Stone/Rock, Wood, Cement Fiber, Rock/Stone Veneer
Roof Type Composition
Building
Foundation Slab
Construction Status Pre-Owned
Schools
Elementary Schools Lockhill
Middle Schools Rawlinson
High Schools Clark
School District Northside
Others
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
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