Uncover an exceptional investment opportunity in this unique multi-unit property, perfect for maximizing rental income. Featuring an existing tenant-occupied ADU, this property delivers immediate cash flow with enormous future potential. Properties like this rarely come to market, especially one designed to offer four separate rental incomes. The main house is ready to be renovated into three individual units, each with immense earning potential. Imagine transforming Units 1 and 2 into one-bedroom, one-bathroom apartments, while the back unit becomes a spacious two-bedroom, one-bathroom rental. With the ADU already a fully functional two-bedroom, one-bathroom unit housing a long-term tenant, you'll start generating revenue from day one. Each unit is equipped with a separate city electricity meter, making management simple and efficient. This property is sold "as-is," giving you the freedom to shape each unit to suit your investment strategy. With renovations already started, you're set to take over and quickly finish the renovations to turn this property into a lucrative, high-yield investment. The seller also offers owner financing with an attractive interest rate, a five-year balloon, and no prepayment penalty-making it easier to capitalize on this rare find. Don't miss out on this fantastic investment in a property with boundless income potential.
Property Details
Property Features
Property Information:
Year Built: 1942
Living Area: 2,516 SqFt
Listing Office:
Office Name: K&E Realty
Office Phone: (210) 418-0067
Listing Agent: Rayenari Suarez
Interior Features
Interior Information:
Appliances: Oven, Stove
Flooring Type: Wood
Exterior Features
Exterior Information:
Exterior: Mature Trees, Mature Trees (ext feat), Level
Parking Information:
Parking: Pad, Pad, Pad, Pad
Virtual/3D Tour
Virtual Tour: 341 Avondale Ave
Virtual Tour
Lot Features
Lot Information:
Lot Size: 0.23 Acres
Utilities
Utilities Information:
Heating: None, Other
Cooling: Wall/Window Unit(s)
Other
Directions Information:
Directions: From 281 South turn right on S New Braunfels Ave. Turn right again on Avondale Ave. The property will be on the corner of Avondale Ave and Russi St.
Price Information
Listing Price Info
Price Summary:
List Price: $290,000
Price Per SqFt: $115/SqFt
Tax Information:
Annual Amount: $3,600
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in San Antonio, TX.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Properties subject to prior sale, change, withdrawal or rental. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/14/2024, 8:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$3,600
$131,000
2019
$3,439
$127,000
2018
$3,439
$120,000
2017
$2,611
$92,000
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,515
Per Month
Principal & Interest
$1,448
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$936
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Charles C. Ball Elementary School
343 Koehler Ct
Distance between this listing and this school0.30 miles
Public Charter Grades PK-5
6
/10
Muriel Forbes Elementary School
2630 Sally Gay Dr
Distance between this listing and this school0.72 miles
Public District Grades PK-5
4
/10
Steele Montessori Academy
722 Haggin St
Distance between this listing and this school1.16 miles
Public Charter Grades PK-4
Nearby Schools
3
/10
Jubilee Highland Hills
1515 Goliad Rd
Distance between this listing and this school0.98 miles
Public Charter Grades PK-8
5
/10
Eloise Japhet Academy
314 Astor St
Distance between this listing and this school1.15 miles
Public District Grades PK-8
4
/10
Jubilee Highland Park
901 E Drexel Ave
Distance between this listing and this school2.11 miles
Public Charter Grades PK-8
Nearby Schools
2
/10
Highlands High School
3118 Elgin Ave
Distance between this listing and this school1.79 miles
Public Magnet Grades 9-12
6
/10
Texans Can Academy at Highlands High School
3118 Elgin Ave
Distance between this listing and this school1.79 miles
Public Charter Grades 9-12
4
/10
Por Vida Academy Charter High School
1135 Mission Rd
Distance between this listing and this school1.95 miles
The neighbors living near this home have an average income of $28,506. Most San Antonio, TX residents have annual incomes less than $35k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
This home is located at 341 Avondale Ave in San Antonio, TX and zip code 78223 in the Hot Wells neighborhood. This 2,516 square foot home, which was built in 1942, sits on a 0.23 acre lot. It has been listed on Rocket Homes since November 14, 2024 and is currently priced at $290,000.
San Antonio, TX housing market in October 2024 saw over 152 listings sold above listed price, more than 368 sold at listed price and over 759 sold below. The number of listings in San Antonio, TX increased by 8.6% between September 2024 and October 2024. Listings spent 72 days on the market in October 2024, and had a median list price of $294,811 during the same period.
From Rocket Homes Real Estate and based on county public records data.