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$375,000

Beds
3
Baths
3.0
sq ft
1,628

1108 Center St, San Antonio, TX 78202

1108 Center St

San Antonio, TX 78202

  • 38 days on market
Welcome to this exceptional investment opportunity in sought-after Dignowity Hill! Situated on a premium 8,990 sqft lot - one of the largest in the area - this beautifully renovated property features THREE distinct structures, totaling 2,068 sqft of potential living space. ZONING & PERMITS: Rare Type 2 STR permit already in place Approved zoning variance for three units All necessary permissions secured Turn-key investment opportunity MAIN HOUSE (1,244 SQFT): Fully renovated 2-bed, 2-bath residence Modern kitchen with new appliances Premium fixtures and finishes throughout Filled with natural light from 17 windows throughout New flooring Stunning master bedroom with triple exposure (south, east, and west-facing windows) DETACHED ADU (384 SQFT): 1-bed, 1-bath unit Upgraded full kitchen and living room Perfect for short-term rental income Currently ready for immediate use ADDITIONAL STRUCTURE (440 SQFT): Framed structure with updated foundation Code-compliant and ready for interior completion Only needs plumbing and interior fit-out Excellent value-add opportunity with minimal work required LOCATION & LIFESTYLE: Premium oversized 8,990 sqft lot Prime Dignowity Hill location Minutes to The Pearl, AT&T Center, and Fort Sam Houston Easy I-35 access INVESTMENT POTENTIAL: 2022 complete renovation of main house and ADU Immediate STR income potential with existing permit Proven rental income history Main house previously leased at $2,200/month ADU has generated up to $1,300/month Multiple revenue stream opportunities Total revenue potential $4,800/month with 3rd unit Meets standard "1% rule" investment metrics for long-term rentals Nearly 2,100 sqft of total living space when completed Priced significantly below neighborhood average price per square foot Perfect for house hackers - potential to live for free while collecting rental income Perfect for savvy investors, STR operators, or multi-generational families! The existing STR permit and triple-unit zoning variance make this property a unique find in San Antonio's rental market. Live in the main house while generating substantial rental income, with minimal work needed to create a third revenue stream. Schedule your private showing today and explore the possibilities!

Details

Property type

Single Family Residence

Est. home value

$294,018

Lot size

8,991 sq ft

Price per sq ft

$231

Year built

1930

Annual property taxes

$7,863

Price History

11/14/2024
SanAntonio

SanAntonio #1823336

Listed
$375,000

Schools & Community

Neighborhood: 

Jefferson Heights

Elementary school: 

Bowden

Middle school: 

Tafolla

High school: 

Brackenridge

School district: 

San Antonio I.S.D.

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Citizens Bank

Loan start date

February 2023

Original loan amount

$260,000

Est. remaining balance

Not provided

Interest rate

6.31%

Loan type

Stand Alone Second, 25 year

Seller

Admiral Hb Llc

Lender

Housemax Funding Fund I Llc

Loan start date

January 2022

Original loan amount

$219,400

Est. remaining balance

Not provided

Interest rate

3.12%

Loan type

Commercial, 1 year

Seller

Admiral Hb Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/22/2024 at 6:30 AM

Listing updated: 11/25/2024 at 2:22 AM

Listed by: Matthew Jordan, Vortex Realty Phone #: (210) 647-6557

MLS: SanAntonio #1823336

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