120 Magnolia Ave E, San Antonio, TX 78212
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- MLS#: 1908192 ( Multi-Family (2-8 Units) )
- Street Address: 120 Magnolia Ave E
- Viewed: 1
- Price: $1,290,000
- Price sqft: $428
- Waterfront: No
- Year Built: 1919
- Bldg sqft: 3014
- Days On Market: 2
- Additional Information
- County: BEXAR
- City: San Antonio
- Zipcode: 78212
- Subdivision: Monte Vista
- District: San Antonio I.S.D.
- Elementary School: Cotton
- Middle School: Beacon Hill
- High School: Edison
- Provided by: Uriah Real Estate Organization
- Contact: Jair Gamiz
- (210) 618-6646
- DMCA Notice
-
DescriptionPrime 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.
Property Location and Similar Properties
Features
Possible Terms
- Conventional
- Cash
Air Conditioning
- One Central
Annual Operating Expense
- 18763.71
Apprx Age
- 106
Block
- 12
Builder Name
- unknown
Contract
- Exclusive Right To Sell
Elementary School
- Cotton
Exterior Features
- Siding
Flooring
- Laminate
Heat
- Central
Heating Fuel
- Electric
High School
- Edison
Home Owners Association Mandatory
- None
Instdir
- From downtown San Antonio: go north on N Main Ave
- cross I-35
- continue 1.3 miles
- then turn right on E Magnolia Ave. 120 E Magnolia will be on your right.
Legal Description
- Ncb 1704 Blk 12 Lot 6
Meters
- Separate Electric
- Common Water
Middle School
- Beacon Hill
Net Operating Income
- 120436.29
Op Exp Includes
- Taxes
- Insurance
- Maintenance
- Other
Owner Lrealreb
- No
Ph To Show
- 2106186646
Property Type
- Multi-Family (2-8 Units)
Recent Rehab
- Yes
Roofing
- Tile
Salerent
- For Sale
School District
- San Antonio I.S.D.
Source Sqft
- Appsl Dist
Total Tax
- 11559.71
Year Built
- 1919
Zoning
- R-4 CD