🔔🏡 NEW PRICE - Rare 1% Rule 1980's Duplex in San Antonio (Valley Forest) 📈

Bexar County, San Antonio, TX, 78242
Sold
Listed at: September 19th, 2022
Price
$151,000
ARV
$220,000
Gross Margin
$69,000
Sq. Footage
1904
Type
Attached
Parking
Garage
Year build
1981
Lot size
7775.00 sqft
Bedrooms
5
Bathrooms
2
Half Bathrooms
0
Summary

5942 / 5940 Fairbrook Drive, San Antonio, TX


New price - renegotiated with seller! This 5 bedroom / 2 bath duplex home is a perfect opportunity for a rental investor that wants strong cash flow. This meets the 1% rule! We all know there is uncertainty in the real estate market (with high interest rates and rising inventory). Historically, high-cash flowing rental properties in B and C class neighborhoods perform best in recessions (homeowners move to renting, renters trade down to save money). This is a smart investment for the savvy investor looking to adjust in a recessionary period.


Here is a video walkthrough and an inspection report of the property.


Priced lower than everything available in Valley Forest!


  • 5 bedroom / 2 bath (1,904 SF)
  • 7,775 SF lot size
  • Built in 1981
  • Rehab needed: Cosmetic and HVAC (optional)
  • Currently rented out at $850 & $750 ($1,600 total!)
  • Vacant at close (10/18/2022)
  • Recently remodeled kitchen and roof replaced within last 10 years
  • Electrical and plumbing in working condition


No viewings without written consent. Do NOT show up to the property unannounced. Both units are currently tenant occupied.

Padua Partners Acquisitions assumes no liability for the accuracy of any estimates or information provided. End buyers must conduct own due diligence. The property is to be sold as-is. Proof of funds is required. Cash or hard money only. End buyer pays all closing costs and fees associated with this transaction. $5,000 Non-Refundable EMD needed to secure the contract.
Videos

5942/5940 Fairbrook Walkthrough

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Samuel Wooten

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Disposition manager