tomo logo

$274,900

Beds
4
sq ft
1,500

816 W Olmos Dr, San Antonio, TX 78212

816 W Olmos Dr

San Antonio, TX 78212

  • 51 days on market
    • Price drop $5,000↓
Discover an outstanding investment opportunity in the heart of San Antonio with this charming duplex. This property is not only a fantastic cash flow generator but also offers a unique chance to expand your real estate portfolio with the potential to purchase additional neighboring duplexes. The prime location ensures high demand and minimal vacancy rates. Conveniently located near schools, shopping centers, dining, and major highways, ensuring ease of access to all that San Antonio has to offer. Each unit boasts spacious living areas, modern kitchens, and comfortable bedrooms, with thoughtful updates and well-maintained interiors that make these units attractive to tenants and future buyers alike. Enjoy a sizeable lot with ample outdoor space, perfect for tenant enjoyment and potential enhancements. Benefit from flexible financing options with owner financing available, making it easier than ever to secure this lucrative investment without the hassle of traditional bank loans.

Details

Property type

Est. home value

$294,224

Lot size

6,490 sq ft

Price per sq ft

$184

Year built

1987

Annual property taxes

$4,410

Price History

06/19/2024
SanAntonio

SanAntonio #1776385

Price change
$274,900
-1.79%
05/18/2024
SanAntonio

SanAntonio #1776385

Listed
$279,900
05/03/2024
SanAntonio

SanAntonio #1757651

Removed

Schools & Community

Neighborhood: 

Edison

Elementary school: 

Rogers

Middle school: 

Rogers

High school: 

Edison

School district: 

San Antonio I.S.D.

Negotiation Insights

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

Seller could get up to

$93,465
Asking price
$274,900
Closing costs (~8% of asking)
-$21,992
Est. remaining loan balance
-$159,443
Cash to seller
$93,465

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Security National Mortgage Co

Loan start date

November 2021

Original loan amount

$168,750

Est. remaining balance

$159,443

Interest rate

3.01%

Loan type

Not Provided, 30 year

Seller

Naveen Kumar and Mamta Kumar

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 3:25 AM

Listing updated: 06/30/2024 at 2:23 AM

Listed by: Maemie Williams, Land Unlimited Phone #: (512) 729-7139

MLS: SanAntonio #1776385

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