227 Grimes , San Antonio, TX 78203
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Priced at Only: $829,500
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Address: 227 Grimes , San Antonio, TX 78203
Property Location and Similar Properties
- MLS#: 1894289 ( Multi-Family (2-8 Units) )
- Street Address: 227 Grimes
- Viewed: 203
- Price: $829,500
- Price sqft: $190
- Waterfront: No
- Year Built: 2024
- Bldg sqft: 4356
- Days On Market: 114
- Additional Information
- County: BEXAR
- City: San Antonio
- Zipcode: 78203
- Subdivision: E Houston So To Hedgessa
- District: San Antonio I.S.D.
- Elementary School: Smith
- Middle School: Poe
- High School: lands
- Provided by: The Ortiz Firm
- Contact: Guy Rubio
- (210) 264-3639

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DescriptionA Strong Investment Opportunity in the Rapidly Growing 78203 Zip Code! Discover this new construction 4 plex designed as two duplexes in separate buildings currently generating $4,249/month in rental income with one unit now available for lease at a market rate of $1,500/month. This property offers immediate cash flow, flexibility, and exceptional upside potential in a prime location near Downtown San Antonio and the approved Marvel redevelopment project a key catalyst for rapid appreciation in the area. Located just 2 miles from the Hemisfair District and River Walk, the property features four spacious units, each offering 1,089 sq. ft., 3 bedrooms, and 2.5 baths. Interiors showcase open concept layouts, modern kitchens, light wood style flooring, and updated bathrooms providing tenants with comfort and style while keeping ownership low maintenance. Each residence includes a private driveway and covered carport. The property sits just one block from St. Philip's College and minutes from the Alamo Dome, Frost Bank Center, Fort Sam Houston, and major highways I 35 and I 10. Ideal for long term tenants or short term rental opportunities (Airbnb), this partially occupied but income producing asset combines modern design, a strong location, and consistent rental performance making it a standout investment in one of San Antonio's fastest growing zip codes.
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Features
Building and Construction
- Builder Name: A & I HOMES
- Construction: Pre-Owned
- Exterior Features: Siding
- Flooring: Carpeting, Vinyl
- Foundation: Slab
- Roofing: Composition
- Source Sqft: Appsl Dist
School Information
- Elementary School: Smith
- High School: Highlands
- Middle School: Poe
- School District: San Antonio I.S.D.
Eco-Communities
- Water/Sewer: City
Utilities
- Air Conditioning: Unit Central
- Heat: Central
- Heating Fuel: Electric
- Meters: Separate Electric, Separate Water
- Recent Rehab: No
- Utility Supplier Elec: CPS
- Utility Supplier Grbge: CITY
- Utility Supplier Sewer: SAWS
- Utility Supplier Water: SAWS
Finance and Tax Information
- Annual Operating Expense: 18606.02
- Days On Market: 113
- Home Owners Association Mandatory: None
- Net Operating Income: 50993.98
- Total Tax: 17081.02
Other Features
- Block: 27
- Contract: Exclusive Right To Sell
- Instdir: Corner of Wyoming & Grimes
- Legal Desc Lot: 14
- Legal Description: NCB 1462 BLK 27 LOT 14
- Miscellaneous: Home Service Plan, Bldr 10yr Warranty
- Op Exp Includes: Taxes, Insurance, Other
- Ph To Show: 210-222-2227
- Salerent: For Sale
- Style: Two Story, Contemporary
- Views: 203
- Zoning: RM-4
Owner Information
- Owner Lrealreb: Yes
Similar Properties
- Brianna Salinas, MRP,REALTOR ®,SFR,SRS
- Premier Realty Group
- Mobile: 210.995.2009
- Mobile: 210.995.2009
- Mobile: 210.995.2009
- realtxrr@gmail.com




























