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Key Facts

Type Multi Family
Levels Residential Income
Size 3014 sqft
Garage No
Taxes $11,560
Days Active 13
Lot Size 
Approx. Age 1919
Avg. Price Per Sqft $428
MLS® Number 1908192

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Prime 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.Show Description
MLS® Number1908192
Laundry Level
Central VacNo
FireplaceNo
Acreage0.144
ExteriorOther - See Remarks
GarageNo
Approx. Age1919
Basement
Driveway
Garage Spaces
HeatElectric, Central
A/COne Central
Heating Fuel

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