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$999,000

Beds
8
sq ft
4,641

400 W Lynwood Ave, San Antonio, TX 78212

400 W Lynwood Ave

San Antonio, TX 78212

  • 136 days on market
    • Price drop $26,000↓
Beautiful, 8-unit, fully occupied corner lot in the desirable neighborhood of Alta Vista. MF-33 zoning with parking! Properties like this don't come available very often. All units are 1 bedroom 1 bathroom with hardwood floors, central HVAC, updated kitchens and all units are in great shape. New Roof (May 2024), 7 out of the 8 HVAC units were replaced in 2022 and the other one is a few years old. Most rents range from $865-$910 so there is room for rent increases across the board. Tenants pay water and electricity, and owner only pays for garbage which the new owner could add into their next lease renewal. There is a coin operated separate laundry facility on site. This property always stays rented and is a fully turnkey investment, with value-add opportunity for anyone looking for a solid long-term investment.

Details

Property type

Est. home value

$921,082

Lot size

9,235 sq ft

Price per sq ft

$216

Year built

1934

Annual property taxes

$22,240.21

Price History

06/07/2024
SanAntonio

SanAntonio #1753927

Price change
$999,000
-2.54%
05/23/2024
SanAntonio

SanAntonio #1753927

Price change
$1,025,000
-2.38%
05/03/2024
SanAntonio

SanAntonio #1753927

Price change
$1,050,000
-2.33%

Schools & Community

Neighborhood: 

Alta Vista

Elementary school: 

Call District

Middle school: 

Call District

High school: 

Call District

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

Security State Bank & Trust

Loan start date

January 2022

Original loan amount

$688,000

Est. remaining balance

Not provided

Interest rate

3.11%

Loan type

Purchase Money Mortgage

Seller

Polito Investments 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?

Status: Active

Tomo last checked: 07/08/2024 at 2:05 AM

Listing updated: 06/18/2024 at 2:23 AM

Listed by: Loren Polito, Real Phone #: (512) 960-3253

MLS: SanAntonio #1753927

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