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$1,149,000

Beds
8
sq ft
5,024

417 E Locust St, San Antonio, TX 78212

417 E Locust St

San Antonio, TX 78212

  • 1 day on market
Welcome to the beautifully restored property at 417 E Locust, offering investment stability through cash flow, revenue growth, location, and rental demand. This property was taken down to the studs and had a full restoration completed in 2019-2020, including new hard wood flooring, drywall, full paint, full bath remodel, full kitchen remodel, new appliances, counter tops, washer/dryer in each unit, roof (2024), artificial turf, paved parking, and spray insulation, to name a few. Zoned MF-33, the seller has also paid for and will transfer architectural/engineering plans for a duplex that can be added in the back of the property ($10k value). There is an active STR permit and all furniture will convey in the sale upon request of buyer. Lastly, one of the property's most attractive qualities is its ease of management--perfect for short, mid, or long-term rental, or a combination of the three, depending on your investment strategy.

Details

Property type

Est. home value

$907,994

Lot size

9,278 sq ft

Price per sq ft

$229

Year built

1945

Annual property taxes

$19,942

Price History

09/18/2024
SanAntonio

SanAntonio #1809835

Listed
$1,149,000

Schools & Community

Neighborhood: 

Tobin Hill

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

First National Bank Texas

Loan start date

December 2020

Original loan amount

$575,000

Est. remaining balance

Not provided

Interest rate

2.84%

Loan type

SBA Participation Trust Deed, 20 year

Seller

Merkava 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: 09/19/2024 at 4:55 PM

Listing updated: 09/19/2024 at 3:39 PM

Listed by: Matthew Laird, Keller Williams City-View Phone #: (210) 696-9996

MLS: SanAntonio #1809835

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