$275,000 for a DUPLEX in San Antonio (78250) with $362,000 AS-IS Appraisal!

Bexar County, San Antonio, TX, 78250
Sold
Listed at: June 30th, 2023
Price
$275,000
ARV
$362,000
Gross Margin
$87,000
Sq. Footage
2787
Type
Multifamily
Parking
Detached Garage
Year build
1985
Lot size
17460.00 sqft
Bedrooms
4
Bathrooms
3
Half Bathrooms
0
Summary

8255 Misty Willow St, San Antonio, TX 78250

This 1985 built, 4 bed / 3 bath Duplex in San Antonio, TX is a rare opportunity for a cash flowing, cash out BRRRR in today’s interest rate environment! Prime location in San Antonio!

Key Points:

Duplex! Separate entrances, kitchens, backyards, laundry rooms, etc.

Cash out! Current appraisal at $362,000! Easy opportunity for you to buy and pull almost all cash out upon refinance. Sold at 75% of value! Appraisal attached below.

Cash flow! One side alone is currently renting for $1400/mo. Other side will be vacant at close.

Massive lot size, almost half an Acre!

Amazing location in 78250!

CURRENTLY TENANT OCCUPIED, PLEASE REACH OUT TO SCHEDULE WALKTHROUGH.

CLICK HERE FOR VIRTUAL WALKTHRU

Location Details: 

Near popular fast food restaurants, HEB shopping, and Walmart nearby, you'll have everything you need just a stone's throw away. Less than 6 miles away from Methodist Hospital and nearby Stevenson Middle School and James L. Carson elementary.

Financials:

Market Value: $362,000

Purchase Price: $275,000

Profit Details:

$362,000 Market Value

(*) 94% for sale commissions

(-) $275,000 purchase price

(-) $5,000 unit make ready budget

(-) $5,000 closing / holding cost

(=) $50,280 profit

Rental Profit Details:

$2,800 monthly market rents

(-) $641 monthly tax

(-) $110 monthly insurance

(-) $280 property management

(-) $280 allocation for repairs, vacancy, etc

(=) $1,489 net monthly cash flow

Additional Property Details:

4 Beds / 3 Bath (Unit Mix: 3/2 & 1/1)

1985 Year Build

2,787 Home Square Feet

17,460 Lot Size

Closing July 31st

Roof 15 years old

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.
Documents
Videos

part 1

part 2

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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