Skip To Content

6326 Melanzane Ave

San Antonio, TX 78233
  • $849,000
  • STATUS: Active
  • MLS #: 1717778
UPDATED: 74 min ago
$849,000
  • 0
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,872
    SQFT
  • $174
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2017
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Investors, don't miss out on this 2017 4-plex! This great long-term hold addition to any portfolio features 4 units, each with a 3 BR, 2.5 bath, 2 story, single car garage with a back yard. There are many designs in the Tesoro Ridge community for the 4,872 sq. ft. 4-plexes, however this property is grouped with a phase of 4-plexes that have design features that stand out from other phases. Features like a strikingly attractive elevation, long driveways, ceramic dark colored tile, granite countertops and tray ceilings. The owner recently spent $9k to change exterior underground plumbing pipes from PVC to pex, which should offer more protection against a freeze, if our Winters become more harsh than expected. With most 4-plexes in San Antonio pushing the $1M sales price, demanding pretty close to the same amount of rent and charging over $1k in HOA fees per year, this is an opportunity that you can't pass up. This the only newer 4-plex community that I am aware of that does not have an HOA in San Antonio. All units are rented at the top tier pricing for the area and like-kind units. We are holding off on showings until the property is under contract because we have some great tenants in place and we want to respect their time. Marshall Reddick Real Estate currently manages this property and because of the success we've had managing, we are happy to continue managing, if at all possible. Why San Antonio, TX? The US Census Bureau named San Antonio, TX as the 3rd fastest growing city in the US. Why the NE side of San Antonio? Close proximity to Randolph Air Force Base, allows for great military tenant opportunities. Close proximity to the I-35 corridor. There is a lot of attention focusing on the San Antonio and Austin markets becoming one large metro area, similar to the Dallas Fort Worth Mega Metro. Anything close to the I-35 corridor that connects San Antonio and Austin is seeing an enormous amount of growth, even in this economy. With the cost of entry being so high in Austin, many people in the two markets are looking toward San Antonio and the I-35 corridor for a new place to plant some roots.

Monthly Payment Calculator



© 2023 San Antonio Board of REALTORS® All rights reserved. IDX information 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. Information is deemed reliable but is not guaranteed accurate by the MLS or NewHomePrograms.com. Last updated 2023-09-24T19:32:54.017.
www.newhomeprograms.com/homes/143196481
Print Image

6326 Melanzane Ave San Antonio, TX 78233

  • Price: $849,000
  • Status: Active
  • On Site: Days
  • Updated: 74 min ago
  • MLS #: 1717778
0
Beds
0
Baths
0
½ Baths
0.21
Acres
4,872
SQFT
$174
$/SQFT
2017
Built
Neighborhood:
Tesoro Ridge
County:
Bexar
Area:
San Antonio
Elementary School:
Fox Run
Middle School:
Wood
High School:
Roosevelt
School District:
North East I.S.D
Property Description
Investors, don't miss out on this 2017 4-plex! This great long-term hold addition to any portfolio features 4 units, each with a 3 BR, 2.5 bath, 2 story, single car garage with a back yard. There are many designs in the Tesoro Ridge community for the 4,872 sq. ft. 4-plexes, however this property is grouped with a phase of 4-plexes that have design features that stand out from other phases. Features like a strikingly attractive elevation, long driveways, ceramic dark colored tile, granite countertops and tray ceilings. The owner recently spent $9k to change exterior underground plumbing pipes from PVC to pex, which should offer more protection against a freeze, if our Winters become more harsh than expected. With most 4-plexes in San Antonio pushing the $1M sales price, demanding pretty close to the same amount of rent and charging over $1k in HOA fees per year, this is an opportunity that you can't pass up. This the only newer 4-plex community that I am aware of that does not have an HOA in San Antonio. All units are rented at the top tier pricing for the area and like-kind units. We are holding off on showings until the property is under contract because we have some great tenants in place and we want to respect their time. Marshall Reddick Real Estate currently manages this property and because of the success we've had managing, we are happy to continue managing, if at all possible. Why San Antonio, TX? The US Census Bureau named San Antonio, TX as the 3rd fastest growing city in the US. Why the NE side of San Antonio? Close proximity to Randolph Air Force Base, allows for great military tenant opportunities. Close proximity to the I-35 corridor. There is a lot of attention focusing on the San Antonio and Austin markets becoming one large metro area, similar to the Dallas Fort Worth Mega Metro. Anything close to the I-35 corridor that connects San Antonio and Austin is seeing an enormous amount of growth, even in this economy. With the cost of entry being so high in Austin, many people in the two markets are looking toward San Antonio and the I-35 corridor for a new place to plant some roots.
Exterior Features

Exterior StuccoCement Fiber Exterior Features Double Pane WindowsMature TreesCable Tv Available Foundation Slab Roof Composition Unit Four Parking Spaces 3 Unit Four Parking Type Attached Unit One Parking Spaces 3 Unit One Parking Type Attached Unit Three Parking Spaces 3 Unit Three Parking Type Attached Unit Two Parking Spaces 3 Unit Two Parking Type Attached

Interior Features

Air Conditioning Three+ Central Floor CarpetingCeramic Tile Heating Central Heating Fuel Electric Unit Four Beds 3 Unit Four Full Baths 2 Unit Four Half Baths 1 Unit Four Handicap Access No Unit Four Info DisposalDishwasherRefrigeratorWasher ConnectionDryer ConnectionWindow Coverings Unit One Beds 3 Unit One Full Baths 2 Unit One Half Baths 1 Unit One Handicap Access No Unit One Info DisposalDishwasherRefrigeratorWasher ConnectionDryer ConnectionWindow Coverings Unit Three Beds 3 Unit Three Full Baths 2 Unit Three Half Baths 1 Unit Three Handicap Access No Unit Three Info DisposalDishwasherRefrigeratorWasher ConnectionDryer ConnectionWindow Coverings Unit Two Beds 3 Unit Two Full Baths 2 Unit Two Half Baths 1 Unit Two Handicap Access No Unit Two Info DisposalDishwasherRefrigeratorWasher ConnectionDryer ConnectionWindow Coverings

Property Features

Annual Operating Expense 19668.17 Approx Age 6 Construction Pre-Owned For Sale Or Rent For Sale Gross Annual Income 71820 Hoa Mandatory None Meters Separate ElectricCommon Water Multifamily Type Two Story Net Operating Income 51129.56 Operating Expense Includes Taxes Potential Short Sale No Proposed Terms ConventionalVaCash Source Sq Ft Appsl Dist Subdivision Legal Name Tesoro Ridge Taxed By Multiple Counties No Total Tax 19668.17 Unit Four Rent 1500 Unit One Rent 1500 Unit Three Rent 1445 Unit Two Rent 1540 Utility Supplier Garbage Saws Utility Supplier Gas Cps Energy Utility Supplier Other 210-865-2668 Utility Supplier Water Saws Vacancy Rate 5 Zoning Mf-25

Listing information © 2023 San Antonio Board of REALTORS®.
Listing provided courtesy of Gerard Kolodejcak of Marshall Reddick Real Estate: gerard.kolodejcak@marshallreddick.com, (512) 910-3340.


© 2023 San Antonio Board of REALTORS® All rights reserved. IDX information 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. Information is deemed reliable but is not guaranteed accurate by the MLS or NewHomePrograms.com. Last updated 2023-09-24T19:32:54.017.
 
https://bt-photos.global.ssl.fastly.net/sabor/orig_boomver_1_1717778-2.jpg https://bt-photos.global.ssl.fastly.net/sabor/orig_boomver_1_1717778-2.jpg https://bt-photos.global.ssl.fastly.net/sabor/orig_boomver_1_1717778-2.jpg
Logo
NewHomePrograms.com
24624 Interstate 45N, Suite 120
Spring TX, 77386