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110 Mary Louise Dr

22 Unit Apartment Building $2,169,040 CAD ($98,593 CAD/Unit) San Antonio, TX 78201

Executive Summary

Details:
22 units in total
- one unit is a 2/2 at approx 840 sq ft
- two units are 2/1's at approx 868 sq ft
- two units are 1/1's at approx 704 sq ft
- the other 17 units are 1/1's approx 660 sq ft
There is the bottom office side that is the entire downstairs of one third of the apartment complex. It consists of the boiler room, laundromat area and office
The property in and at the edge of a historic designated area named Monticello Park. Here are some official links to the area so you can familiarize yourself with it.
https://www.sanantonio.gov/historic/scoutsa/HistoricDistricts/MonticelloPark
http://www.monticelloparkna.com/
The attachments on this email are:
-The performa of holding cost, rental rates, vacancy, etc
- Actual leases that we are using as comparables in a much less desirable location than Mary Louise. These units are at 2326 Cincinnati. Even though this is relatively close to our property, it pales in comparison as far as desirability, proximity to desired commercial property, even safety. Also 2326 Cincinnati doesn't have a pool. Bottom line, we feel Mary Louise will rent for much more but want to be conservative to not over promise and under deliver.
- Bids for the work needed. We implore you to reach out to each one if needed. Let them know you are considering the property and Eric Rodriguez (my partner on this deal) gave you the bid.
- Interior bid for each unit's labor
- Landscape bid
- Electrical bid
- HVAC bid (ducting already exists FYI)
- Pool renovation
The only one I couldn't find was the bid for the exterior paint but it was quoted $15,000

Here are the links of my partner, Eric Rodriguez breaking down the performa that you can follow along with the attachments.

https://www.loom.com/share/7349ab78bc4d4b438a8af6785e81e3c1?sid=62dabb20-13af-4ef0-a6df-4f38368620d1
https://www.loom.com/share/2289b20c4586425e8e82458c1a0234ac?sid=859dffa8-3d15-4e9b-a30e-3200ae96487e

Property Facts

Price $2,169,040 CAD
Price Per Unit $98,593 CAD
Sale Type Investment
Sale Conditions Distress Sale
No. Units 22
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low Rise
Lot Size 0.51 AC
Building Size 12,554 SF
Average Occupancy 0%
No. Stories 2
Year Built 1955
Parking Ratio 1.75/1,000 SF

Unit Amenities

  • Balcony
  • Dishwasher
  • Disposal
  • Ceiling Fans
  • Kitchen
  • Dining Room

Site Amenities

  • Pool
  • Property Manager on Site
Walk Score ®
Very Walkable (83)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code MF (zoned for multi-family)
MF (zoned for multi-family)
  • Listing ID: 34398231

  • Date on Market: 2025-01-07

  • Last Updated:

  • Address: 110 Mary Louise Dr, San Antonio, TX 78201

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