1535 W Laurel, San Antonio, TX 78201

$720,000
  • 1535 W Laurel, San Antonio, TX 78201 Main Photo

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New to the Market New
BEDS12 BATHS8 full SQUARE FEET2,212 MLS#1998762
STATUSNew PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONCULEBRA S TO DELGADO SA SCHOOLSan Antonio ISD

Property Description

Exceptional income potential awaits with this multifamily investment property in San Antonio - already producing $4,050/month in day-one income from Units 2 and 4 (currently leased to 5 tenants renting by the room). This property has a set of 2 duplexes built in 2021, on a single MF-33 zoned lot. Each of the four units offer identical 3-bedrooms and 2 full baths. Units 1 and 3 fully vacant and Unit 4 having one additional vacant room - giving a buyer 7 vacant bedrooms total ready to generate immediate upside. OPTION 1: Lease Units 1 and 3 the traditional way at $1,350/month each and fill the remaining vacant room in Unit 4, bringing total gross monthly income to $7,550 (a potential $90,600 annually). OPTION 2: follow the current owners proven by-the-room strategy, renting all 7 vacant bedrooms individually at $800/month each for a total gross monthly income of $9,650 (a potential $115,800 annually). OPTION 3: This property is also a house hacking dream for owner-occupants: live in Unit 1 and rent out Unit 3 traditionally plus fill the vacant room in Unit 4, for a total gross monthly income around $6,200 ($74,400 annually) while living virtually rent-free. OPTION 4: Go aggressive by living in a single room within Unit 1 and renting out every other bedroom on the property by-the-room, generating approximately $8,850/month ($106,200 annually) toward your housing costs and beyond. Ideally located with easy access to I-10, residents enjoy proximity to downtown San Antonio, the Pearl District, La Cantera, The Rim, Six Flags Fiesta Texas, San Antonio College and St. Marys University. Whether youre scaling a rental portfolio or house hacking your way into ownership, this property offers multiple paths to strong returns.

1535 W Laurel | MLS# 1998762

This multi-family property located at 1535 W Laurel, San Antonio, TX 78201 is currently listed for sale with an asking price of $720,000. W Laurel is located within the San Antonio ISD school district. Search San Antonio real estate on karenschaeper.kellyrealtors.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: One Central, Three+ Central
Fuel Type: Electric
Lot Size: 0.21 Acres
Taxes: $7,850
Year Built: 2020

Units

Unit Type 1:
Bedrooms: 3
Full Bath(s): 2
Half Bath(s): 0
Unit Type 2:
Bedrooms: 3
Full Bath(s): 2
Half Bath(s): 0
Rent: $2500.00
Unit Type 3:
Bedrooms: 3
Full Bath(s): 2
Half Bath(s): 0
Unit Type 4:
Bedrooms: 3
Full Bath(s): 2
Half Bath(s): 0
Rent: $1550.00

Feature Descriptions

Builder Name: Meyer Miller Developers
Days on Site: 5
Exterior: Level
Exterior: Cement Fiber
Foundation: Cedar Post
HOA Mandatory: No
Tax By Multiple Counties: No
Type: Two Story
Units: 4
Water/Sewer: City

Local Schools

High School: Call District
Middle School: Call District
Elementary School: Call District
School District: San Antonio ISD

Listed By / Shown By

Listed By

Agency Name: LPT Realty, LLC
Agency Phone: (877) 366-2213

Shown By

Agent Name: Karen Schaeper
Agent Phone: (254) 723-0902
Agency Title: Kelly, Realtors
Agency Email: info@kellyrealtors.com
Agency Text: (254) 717-6447

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Estimated Payment

$ 2,466.57 per month $1,602.41 Principal & Interest $654.17 Property Tax $210.00 Homeowner's Insurance

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