120 Magnolia Ave E, San Antonio, TX 78212
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Priced at Only: $1,290,000
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Address: 120 Magnolia Ave E, San Antonio, TX 78212
Property Location and Similar Properties
- MLS#: 1908192 ( Multi-Family (2-8 Units) )
- Street Address: 120 Magnolia Ave E
- Viewed: 33
- Price: $1,290,000
- Price sqft: $428
- Waterfront: No
- Year Built: 1919
- Bldg sqft: 3014
- Days On Market: 17
- Additional Information
- County: BEXAR
- City: San Antonio
- Zipcode: 78212
- Subdivision: Monte Vista
- District: San Antonio I.S.D.
- Elementary School: Cotton
- Middle School: Beacon Hill
- High School: Edison
- Provided by: Uriah Real Estate Organization
- Contact: Jair Gamiz
- (210) 618-6646
- DMCA Notice
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DescriptionPrime investment opportunity in the heart of San Antonio! 120 E Magnolia Ave is a fully stabilized fourplex generating strong cash flow with a projected Gross Scheduled Income of $139,200 per year. The property features two units (101 & 201) operating as Airbnb rentals with active 3 year city permits, each producing $3,800/month. Unit 102 is leased at $1,800/month, and Unit 202 has a projected market rent of $2,200/month. Total monthly income at stabilization is $11,600. Operating expenses are modest at just $18,763 annually, including insurance, taxes, water, internet, and landscaping, resulting in a Net Operating Income (NOI) of $120,436.29. At the current asking price of $1,290,000, the property delivers a cap rate of 9.34, making it a rare find for investors seeking immediate returns in a strong rental market. Located just minutes from downtown San Antonio, Pearl Brewery, Trinity University, and major employment centers, the property offers both long term leasing and short term rental upside. This combination of permitted Airbnb units, conventional rentals, and prime location ensures consistent cash flow and future appreciation potential. With all units either leased or stablelize at market rent, 120 E Magnolia Ave represents a turnkey, income producing asset ideal for seasoned investors or those seeking to enter San Antonio's thriving multifamily and short term rental market.
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Features
Building and Construction
- Apprx Age: 106
- Builder Name: unknown
- Exterior Features: Siding
- Flooring: Laminate
- Roofing: Tile
- Source Sqft: Appsl Dist
School Information
- Elementary School: Cotton
- High School: Edison
- Middle School: Beacon Hill
- School District: San Antonio I.S.D.
Utilities
- Air Conditioning: One Central
- Heat: Central
- Heating Fuel: Electric
- Meters: Separate Electric, Common Water
- Recent Rehab: Yes
Finance and Tax Information
- Annual Operating Expense: 18763.71
- Days On Market: 12
- Home Owners Association Mandatory: None
- Net Operating Income: 120436.29
- Total Tax: 11559.71
Other Features
- Block: 12
- Contract: Exclusive Right To Sell
- Instdir: From downtown San Antonio: go north on N Main Ave, cross I-35, continue 1.3 miles, then turn right on E Magnolia Ave. 120 E Magnolia will be on your right.
- Legal Description: Ncb 1704 Blk 12 Lot 6
- Op Exp Includes: Taxes, Insurance, Maintenance, Other
- Ph To Show: 2106186646
- Salerent: For Sale
- Views: 33
- Zoning: R-4 CD
Owner Information
- Owner Lrealreb: No
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- Brianna Salinas, MRP,REALTOR ®,SFR,SRS
- Premier Realty Group
- Mobile: 210.995.2009
- Mobile: 210.995.2009
- Mobile: 210.995.2009
- realtxrr@gmail.com