Homes for sale - 8325 Fm 327, Elmendorf, TX 78112

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Phyllis Domingo

realtorphyllisdomingo@gmail.com +1(210) 744-5478

$ 655,000

Est. payment | -/mo

3,812 SqFt

Save

$ 655,000

Est. payment | -/mo

Save

3,812 SqFt

Key Details

Property Type Commercial

Sub Type Commercial Improved Prop

Listing Status Active

Purchase Type For Sale

Square Footage 3,812 sqft

Price per Sqft $171

MLS Listing ID 1895158

Construction Status Wood,Metal

Year Built 1970

Annual Tax Amount $5,489

Lot Size 2.180 Acres

Property Sub-Type Commercial Improved Prop

Property Description

This 8-unit manufactured housing community provides significant upside potential for new ownership. The Cozy Cottages have been remodeled and well maintained, and cared for, ensuring a hassle-free transition for new owners. With proactive management of repairs and upgrades, this property offers investors ease of ownership and peace of mind. The Cottages are situated in a submarket with robust fundamentals, and benefit from a stable and growing rental market, along with being located close to employment centers in the growing vicinity of Elmendorf - such as a large Home Depot Distribution Warehouse, Semi Truck Manufacturer Navistar, and several others. There are three major thoroughfares within seven miles of the property, including Interstates 37 and 410 and Loop 1604. The Cozy Cottages of Elmendorf also boasts not only minimal deferred maintenance but also a significant increase in rental income over the past year. All units have undergone significant remodeling. New owners have the opportunity to maintain this trend by continuing to lease units at rates already being captured and proven. Additionally, The Cottages have City Water, four septic systems, and 94 solar panels ($90,000 + Paid Off and convey) on the property, for low monthly utility bills. Buyers could be a multi-family investor or a family that wants multi-generational living. The property is ready for new ownership in either category. The property is zoned OCL (Outside City Limits).

Location

State TX

County Bexar

Area 2003

Zoning OCL

Exterior

Garage Spaces 20.0

Utilities Available Electricity, Water, Septic, Solar

Amenities Available Exterior Lighting, Outside Storage

Roof Type Other

Building

Story 1

Level or Stories 1

Construction Status Wood,Metal

Schools

School District East Central I.S.D

Others

Acceptable Financing Sale Only, Cash, Conventional

Listing Terms Sale Only, Cash, Conventional

LERA MLS - Local Expertise Regional Access / SABOR

Listed by Albert Ochoa • Success Realty of Texas LLC • (210) 317-7528

Find out why customers are choosing LPT Realty to meet their real estate needs!!

+1(210) 744-5478

realtorphyllisdomingo@gmail.com

8325 Fm 327 Elmendorf, TX 78112