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Cindy & Mark Baglietto

cynthia.baglietto@exprealty.com +1(972) 989-4112

$ 1,350,000

Est. payment -/mo

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Pending

500 Burton Avenue San Antonio, TX 78221

20 Beds

12 Baths

7,854 SqFt

UPDATED:

11/26/2024 08:48 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

Square Footage 7,854 sqft

Price per Sqft $171

Subdivision San Jose Townsite Ncb 9335

MLS Listing ID 20731749

Bedrooms 20

Full Baths 12

HOA Y/N None

Total Fin. Sqft 7854

Year Built 1984

Annual Tax Amount $14,277

Lot Size 0.367 Acres

Acres 0.367

Lot Dimensions 189x112

Property Description

Opportunity Knocks. Built in 1984, this cashflow positive 12 unit apartment community has room to add value for an increased NOI. With a new roof in 2022, and a restriped resealed parking lot, new fence, new courtesy cameras, and an exterior facelift in 2023, this property has been very well maintained, with several major recently completed improvements. 9 of 12 units have been updated with new flooring, paint and other cosmetic touches. All units have individual electric meters, water heaters, and central HVAC systems. The onsite laundry facility, green space, and picnic area make residents feel right at home. Value add opportunities include updating 3 classic units, adding an additional washer and dryer to the laundry facility, offering premium parking, trash porter service, cable package, converting the green space into a dog park or BBQ pit, and converting the apartments into an 'All Bills Paid' community.

Location

State TX

County Bexar

Community Laundry

Direction From down town, Get on I-10 E I-35 S from S Flores St. Follow I-35 S to Interstate 35 Access Rd. Take exit 150B from I-35 S. Continue on Interstate 35 Access Rd. Take SW Military Dr to Burton Ave.

Interior

Interior Features Cable TV Available, Eat-in Kitchen, High Speed Internet Available, Multiple Staircases

Heating Central, Electric

Cooling Central Air, Electric

Flooring Carpet, Luxury Vinyl Plank, Vinyl

Appliance Electric Range, Electric Water Heater, Microwave, Refrigerator

Heat Source Central, Electric

Exterior

Exterior Feature Storage

Fence Privacy

Community Features Laundry

Utilities Available Asphalt, Cable Available, City Sewer, City Water, Concrete, Curbs, Electricity Available, Electricity Connected, Master Water Meter, Phone Available, Sewer Available, Sidewalk

Roof Type Composition

Garage No

Building

Lot Description Corner Lot, Few Trees, Level

Story Two

Foundation Slab

Level or Stories Two

Structure Type Frame,Siding,Stucco,Wood

Schools

Elementary Schools Bellaire

Middle Schools Terrellwel

High Schools Mccollum

School District Harlandale Isd

Others

Ownership 500 BURTON STREET LLC

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Aerial Photo, Environ. Study Complete, Survey Available

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Jordan Brandt • Spring House Realty

Cindy & Mark Baglietto

Broker Associate | License ID: 0489689

+1(972) 989-4112

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