118 Funston Pl, San Antonio, TX 78209
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Priced at Only: $949,999
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Address: 118 Funston Pl, San Antonio, TX 78209
Property Location and Similar Properties
- MLS#: 1912457 ( Multi-Family (2-8 Units) )
- Street Address: 118 Funston Pl
- Viewed: 4
- Price: $949,999
- Price sqft: $125
- Waterfront: No
- Year Built: 1954
- Bldg sqft: 7590
- Days On Market: 5
- Additional Information
- County: BEXAR
- City: San Antonio
- Zipcode: 78209
- Subdivision: Mahncke Park
- District: San Antonio I.S.D.
- Elementary School: Lamar
- Middle School: Mark Twain
- High School: Edison
- Provided by: Real Broker, LLC
- Contact: Michael Vasquez
- (855) 450-0442
- DMCA Notice
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DescriptionThis offering features a 9 unit multifamily property in the highly desirable Mahncke Park, with an additional single family home at 417 Margaret Ave offered separately at $160,000. Known for its tree lined streets, historic character, and proximity to downtown, the Pearl District, and major employment hubs, Mahncke Park continues to be one of the city's most sought after rental markets. The multifamily property totals 7,590 SF on a 0.33 acre lot, with a strong unit mix of one bedroom, two bedroom, and studio layouts. Built in 1954, the asset combines classic architecture with functionality and recent updates, including exterior paint (2021), select AC replacements, and a solid roof minimizing near term capital requirements. With solid operations and multiple investment strategies, this property provides both immediate income and long term upside. Whether held as a cash flowing asset, repositioned with value add improvements, or redeveloped in the future, the opportunities here are substantial.
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Features
Building and Construction
- Apprx Age: 71
- Builder Name: UNKNOWN
- Construction: Pre-Owned
- Exterior Features: Brick, Other
- Flooring: Vinyl
- Foundation: Slab
- Roofing: Built-Up/Gravel
- Source Sqft: Appsl Dist
School Information
- Elementary School: Lamar
- High School: Edison
- Middle School: Mark Twain
- School District: San Antonio I.S.D.
Eco-Communities
- Water/Sewer: City
Utilities
- Air Conditioning: Multi-Unit Central, Window/Wall
- Heat: Central, Window Unit
- Heating Fuel: Other
- Meters: Separate Electric, Common Water, Other
Finance and Tax Information
- Annual Operating Expense: 68051
- Home Owners Association Mandatory: None
- Net Operating Income: 58549
- Total Tax: 20431.65
Other Features
- Block: 51
- Contract: Exclusive Right To Sell
- Instdir: From Downtown San Antonio, head north on Broadway toward Brahan Blvd, then turn right onto Funston Pl-118 Funston Pl will be on your right.
- Legal Desc Lot: 51
- Legal Description: NCB 6142 BLK LOT 51 E 45.8 FEET OF 50
- Op Exp Includes: Taxes, Insurance, Maintenance, Management, Other
- Ph To Show: (562) 755-7049
- Salerent: For Sale
- Style: Two Story
- Zoning: MF-33
Owner Information
- Owner Lrealreb: No
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- Orey Coronado-Russell, REALTOR ®
- Premier Realty Group
- 210.379.0101
- orey.russell@gmail.com