Description
Discover Your Dream Investment at 1246 Waverly Avenue! Step into a rare opportunity with this stunning triplex, perfectly nestled at the vibrant intersection of Glenmore and Waverly, right in the heart of the enchanting Woodlawn Lake Community. This iconic area, boasting a picturesque lake built in the 1880s, offers not just a home, but a lifestyle! Imagine strolling along scenic walking trails, enjoying sunny days at the dog park, or unwinding at the swimming pool-all just steps from your door. Location couldn’t be better-less than 5 minutes from the bustling Riverwalk and the trendy Pearl district, with quick access to the Medical Center. Zoned RM-4-an extraordinary rarity in this sought-after lakeside enclave-this property stands out as a prime investment. With three meticulously rehabbed units (2022) and no HOA to worry about, you’ll appreciate the current gross annual income of $85K and an impressive cap rate. Two units are already rented with established leases, while the front unit offers fantastic short- and mid-term rental potential. Plus, with RM-4 zoning, there’s room to add a charming tiny house! Included in this incredible package are all furnishings and an inventory of everything you need to hit the ground running. This property is not just a triplex; it’s a fantastic investment opportunity waiting for you to seize! Don’t miss out-schedule your viewing today and make this gem yours!
Address
Open on Google Maps- Address 1246 Waverly, San Antonio, TX 78201
- City San Antonio
- State/county TX
- Zip/Postal Code 78201
- Area 78201
- Country BEXAR
Details
Updated on April 1, 2025 at 6:30 pm- Property ID: 1813726
- Price: $698,000
- Property Size: 2840 Sqft m²
- Year Built: 1947
- Property Type: Multi-Family
- Property Status: ACTIVE
Additional details
- EXTERIOR: Paved Slab, Cove Pat, Deck, Chain Link, Wright, Double Pane, Storage, Trees, Detached Quarter, Additional Dwelling
Mortgage Calculator
- Down Payment $139,600.00
- Loan Amount $558,400.00
- Monthly Mortgage Payment $3,529.47
- Property Tax $1,204.05
- Home Insurance $125.00
- Monthly HOA Fees $50.00
Listing Agent Details
Agent Name: Kathy Clay
Agent Company: LPT Realty, LLC
