341 Avondale Avenue

San Antonio, TX 78223

$290,000
Price
—
Beds
2,516 Sq. Ft.
$115 / Sq. Ft.
2,516
Sq. Ft.
$115
per Sq. Ft.

Description

Uncover an exceptional investment opportunity in this unique multi-unit property, perfect for maximizing rental income. Featuring an existing tenant-occupied ADU, this property delivers immediate cash flow with enormous future potential. Properties like this rarely come to market, especially one designed to offer four separate rental incomes. The main house is ready to be renovated into three individual units, each with immense earning potential. Imagine transforming Units 1 and 2 into one-bedroom,...Uncover an exceptional investment opportunity in this unique multi-unit property, perfect for maximizing rental income. Featuring an existing tenant-occupied ADU, this property delivers immediate cash flow with enormous future potential. Properties like this rarely come to market, especially one designed to offer four separate rental incomes. The main house is ready to be renovated into three individual units, each with immense earning potential. Imagine transforming Units 1 and 2 into one-bedroom, one-bathroom apartments, while the back unit becomes a spacious two-bedroom, one-bathroom rental. With the ADU already a fully functional two-bedroom, one-bathroom unit housing a long-term tenant, you'll start generating revenue from day one. Each unit is equipped with a separate city electricity meter, making management simple and efficient. This property is sold "as-is," giving you the freedom to shape each unit to suit your investment strategy. With renovations already started, you're set to take over and quickly finish the renovations to turn this property into a lucrative, high-yield investment. The seller also offers owner financing with an attractive interest rate, a five-year balloon, and no prepayment penalty-making it easier to capitalize on this rare find. Don't miss out on this fantastic investment in a property with boundless income potential.
  1. Listed by Rayenari Suarez • TREC #676429 • K&E Realty • Ray@KandERealty.com

Property Details for 341 Avondale Avenue

School District
San Antonio I.S.D.
Subdivision
Hotwells
Zoning
MF33
Exterior
Siding
LISTING UPDATED: 11/15/2024 10:37 AM

Property Details for 341 Avondale Avenue

StatusNew
MLS #1823327
Days on Market3
Taxes$3,792 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / One Story
Year Built1942
Lot Size0.23 AC / 9,801 SF
CountyBexar County

Virtual Tour

Building Information for 341 Avondale Avenue

Stories-Residences4Year Built1942Building Size-Lot Size0.23 AC / 9,801 SF

Property Information for 341 Avondale Avenue

Summary
Location and General Information
  • Area: 1900
  • Elementary School: Ball
  • Middle School: Hot Wells
  • High School: Highlands
  • Accessibility: Near Bus Line, Level Lot, Level Drive, Wheelchair Adaptable
  • Miscellaneous: City Bus
  • Instruction/Direction: From 281 South turn right on S New Braunfels Ave. Turn right again on Avondale Ave. The property will be on the corner of Avondale Ave and Russi St.
  • Accessible/Adaptive Home: Yes
  • County: Bexar
  • State: TX
  • Zip: 78223
  • City: San Antonio
Taxes and HOA Information
  • HOA Mandatory: None
  • Taxed By Mltpl Counties: No
  • Sell Concess: 3%
  • Tax Property ID: 076280030420
Virtual Tour
Property
Property and Assessments
  • Legal Description: NCB 7628 BLK 3 LOT 42 E 20 FT OF 41
  • Subdivision Legal Name: HOTWELLS
  • Builder Name: UNKNOWN
  • Year Built: 1942
  • Green Features: Drought Tolerant Plants
  • Type: One Story
Lot Information
  • Source Sqft: Appsl Dist
  • Legal Desc-Lot: 42
  • Square Feet: 2516.0
  • Apprx Age: 82
  • Lot Size: 0.225
Utilities
  • Air Conditioning: Window/Wall
  • Heat: None
  • Heating Fuel: Other
  • Meters: Separate Electric, Common Water
  • Utility Supplier: Electricity: CPS
  • Utility Supplier: Garbage: CITY
  • Utility Supplier: Water: SAWS
  • Utility Supplier: Sewer: SAWS
Interior and Exterior Features
Interior Features
  • Flooring: Wood
Exterior Features
  • Exterior Features: Mature Trees, Mature Trees (ext feat), Level
  • Construction: Pre-Owned
  • Roofing: Composition
  • Foundation: Slab
  • Proposed Terms: Conventional, 1st Seller Carry, Cash, Investors OK, Other
Multi Family
Multi-Family Information
  • Annual Operating Expense: 7000.0
  • Gross Annual Income: 47400.0
  • Operating Expense Includes: Taxes, Insurance
  • Net Operating Income: 40400.0
Unit 1
  • Unit 1 Info: Not Applicable
  • U1 Occupied: No
  • U1 Bedroom: 1
  • U1 Fulls Baths: 1
  • U1 Half Baths: 0
  • U1 Handicap Access: No
  • U1 Num of Parking Spaces: 2
  • U1 Park Type: Pad
  • U1 Rent: $950.00
Unit 2
  • Unit 2 Info: Not Applicable
  • U2 Occupied: No
  • U2 Bedroom: 1
  • U2 Full Baths: 1
  • U2 Half Baths: 0
  • U2 Handicap Access: No
  • U2 Num of Parking Spaces: 2
  • U2 Park Type: Pad
  • U2 Rent: $950.00
Unit 3
  • Unit 3 Info: Not Applicable
  • U3 Occupied: No
  • U3 Bedroom: 2
  • U3 Full Baths: 1
  • U3 Half Baths: 0
  • U3 Handicap Access: No
  • U3 Num of Parking Spaces: 2
  • U3 Park Type: Pad
  • U3 Rent: $1,050.00
Unit 4
  • Unit 4 Info: Oven/Stove, Washer Connection, Dryer Connection
  • U4 Occupied: Yes
  • U4 Bedroom: 2
  • U4 Full Baths: 1
  • U4 Half Baths: 0
  • U4 Handicap Access: Yes
  • U4 Num of Parking Spaces: 2
  • U4 Park Type: Pad
  • U4 Rent: $1,000.00
Agent
Sale and Listing
  • Contract: Exclusive Right To Sell

Property History for 341 Avondale Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 341 Avondale Avenue

Taxable ValueLand$59,880Additions$95,540Total$155,420
Tax Record2023$4,238 ($353 / month)
Home Facts
Baths2Total Finished SqFt1,836 SqFtAbove Grade Finished SqFt1,836 SqFtStories1Lot Size9,800 SqFtStyleDuplexYear Built1942CountyBEXARAPN07628-003-0420

Schools near 341 Avondale Avenue

This home is within San Antonio Independent School District.
Rating
School
Type
Grades
Distance
Charter - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Charles C Ball Elementary School
CharterPK to 5

HOT WELLS MIDDLE
Public6 to 8

Highlands High School
Public9 to 12

Connell Middle School
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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341 Avondale Avenue is a multi-family home for sale in San Antonio, TX 78223. This property was listed for sale on November 14, 2024 by K&E Realty, it's currently listed at $290,000. It has been on the market for a total of 3 days and was last sold on May 15, 2006. This listing's school district is San Antonio Independent School District. Nearby schools include Charles C Ball Elementary School, HOT WELLS MIDDLE and Highlands High School. 341 Avondale Avenue is a 0-bed, 0-bath, 2,516 sqft multi-family home built in 1942.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of K&E Realty

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