$499,000

Seven units across three separate buildings near Tobin Hill! Located near Methodist Hospital Metropolitan, San Antonio College, downtown and the Pearl, this property offers historic character, a versatile unit mix and the opportunity to restore an income-producing property in central San Antonio. Nearby medical employers, educational institutions, restaurants and entertainment add appeal for future residents. Situated on an approximately one-third-acre lot with C-1 zoning, the property includes a duplex with two 2-bedroom/1-bath residences, a fourplex with four 1-bedroom/1-bath apartments, and a detached 1-bedroom/1-bath residence at the rear. Ample rear parking and additional street parking complement the three-building configuration. Covered porches, balconies, original wood flooring and classic architectural details showcase the property's character. Select improvements include updated electrical in some units and quartz countertops in some kitchens and bathrooms. All seven units are currently vacant. The fourplex sustained significant fire damage, primarily involving the two upstairs units, and requires extensive rehabilitation. The complete extent of damage and repair costs have not been determined. For investors prepared to undertake the restoration, the existing residences, generous lot and proximity to central San Antonio destinations offer an opportunity to build long-term rental income. REO property sold AS-IS.