$695,000
1026 GRAMERCY PL San Antonio, TX 78201-5286
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$695,000
Est. payment /mo
7 BD
7 BA
3,743 SqFt
Price Dropped by $40K
1026 GRAMERCY PL San Antonio, TX 78201-5286
UPDATED:
10/31/2024 07:06 AM
Key Details
Property Type Multi-Family
Sub Type Multi-Family (2-8 Units)
Listing Status Active
Purchase Type For Sale
Square Footage 3,743 sqft
Price per Sqft $185
Subdivision Beacon Hill
MLS Listing ID 1811420
Style Two Story
Bedrooms 7
Full Baths 7
Year Built 1928
Annual Tax Amount $9,850
Lot Size 6,272 Sqft
Property Description
Welcome to 1026 W Gramercy Pl, a fully renovated, turnkey 5-unit apartment in Beacon Hill, offering immediate cash flow and low vacancy rates due to its prime location near downtown San Antonio. This property features four units in the main structure and one detached cottage, all showcasing modern updates, neutral colors, and ample natural lighting. Each unit is equipped with its own washer and dryer, central heating and air, and is separately metered for electrical, providing convenience for both tenants and owners. All appliances, including dishwashers (except in the cottage), are included, making this a hassle-free investment. A standout feature is the individual water heaters and separate water cutoffs for each unit, ensuring that repairs in one unit won't disrupt the others. The property underwent a foundation-up restoration in 2020, guaranteeing modernized systems and reduced maintenance costs. Importantly, all countertops and vanity tops throughout the apartments are made of real stone, adding a touch of luxury and durability. The landscaping incorporates xeriscaping, which helps keep water utility expenses lower. With consistent cash flow from fully occupied units, this property is a solid investment in a high-demand neighborhood. Located in Beacon Hill, close to downtown, shopping, dining, and universities, it combines the charm of a historic area with the convenience of city living. Don't miss this opportunity to own a turnkey, high-performing asset in an appreciating market!
Location
State TX
County Bexar
Area 0900
Direction W
Interior
Heating Central
Cooling Unit Central, Three+ Central
Flooring Wood
Exterior
Exterior Feature Siding, Vinyl
Garage Spaces 5.0
Roof Type Heavy Composition
Building
Sewer City
Water City
Schools
Elementary Schools Call District
Middle Schools Call District
High Schools Call District
School District San Antonio I.S.D.
Others
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Listed by Jaime Aguillon • Keller Williams Heritage • (210) 595-1578
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