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112 E 6th St

1090 Unit Block of Flats £352,984 (£324/Unit) 9.37% Net Initial Yield San Juan, TX 78589

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Investment Highlights

Centrally located less than 1/2 block from new city offices and transit station.
Less than a mile from the Gelman Stained Glass Museum the home to the most comprehensive collection of stained-glass windows in the US

Less than a mile from the Basilica Our Lady of San Juan, TX the Valley's Jewel

Executive Summary

Incredible Investment Opportunity in San Juan, Texas! Discover this charming 10-plex, ideally situated just 1 mile from the expressway and the Basilica. This prime location offers unparalleled convenience to shopping, dining, church, and the new city offices, just half a block away. The property features: Nine spacious 1-bedroom, 1-bath apartments, partially furnished, and One 2-bedroom, 1-bath apartment This property generates positive cash flow, making it a lucrative investment opportunity. Don't miss out on the chance to invest in a highly desirable area. Act now and secure your future with this exceptional property! The owner is a licensed Real Estate Broker in Texas

Financial Summary (Actual - 2024)	Annual	Annual Per SF
Gross Rental Income	£50,124	£8.61
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£50,124	£8.61
Taxes	£6,538	£1.12
Operating Expenses	£10,485	£1.80
Total Expenses	£17,023	£2.92
Net Operating Income	£33,101	£5.68

Financial Summary (Actual - 2024)

Gross Rental Income
Annual	£50,124
Annual Per SF	£8.61

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£50,124
Annual Per SF	£8.61

Taxes
Annual	£6,538
Annual Per SF	£1.12

Operating Expenses
Annual	£10,485
Annual Per SF	£1.80

Total Expenses
Annual	£17,023
Annual Per SF	£2.92

Net Operating Income
Annual	£33,101
Annual Per SF	£5.68

Property Facts

Price	£352,984	Apartment Style	Low Rise
Price Per Unit	£324	Building Class	C
Sale Type	Investment	Lot Size	0.48 AC
Net Initial Yield	9.37%	Building Size	5,824 SF
Sale Conditions	Deferred Maintenance	Average Occupancy	100%
Gross Rent Multiplier	7.04	Number of Floors	1
No. Units	1090	Year Built	1970
Property Type	Residential	Parking Ratio	0.69/1,000 SF
Property Subtype	Apartment

Price	£352,984
Price Per Unit	£324
Sale Type	Investment
Net Initial Yield	9.37%
Sale Conditions	Deferred Maintenance
Gross Rent Multiplier	7.04
No. Units	1090
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.48 AC
Building Size	5,824 SF
Average Occupancy	100%
Number of Floors	1
Year Built	1970
Parking Ratio	0.69/1,000 SF