718 San Antonio Avenue 722, Seguin, Texas

About 718 San Antonio Avenue 722

Turnkey multifamily CRE investment property in one of the country’s fastest growing and most economically vibrant areas. Units consist of one 2 bed, 1 bath unit (slab foundation) and one 1 bed, 1 bath unit (pier and beam construction), each with their own laundry room. Long-term tenants (15-20 years) with leases in place; one is a section 8 tenant. Minimal overhead; rents at close to market with long-term tenants under lease. Tenants pay all utilities and are responsible for lawn care. Features updated in 2024-25 include: • New metal roof on both structures • Both units have new siding, insulation and stud and beam replacement where any evidence of decay or rot existed • Exterior of both units painted • New energy efficient windows in 2 bedroom unit. • All items noted on inspections addressed (seller will share the original inspection and termite reports with an accepted offer). • Carport converted to 1 car, enclosed garage. • 1 bed / 1 bath unit leveled with new piers installed & numerous beams replaced • New front door on 1 bed / 1 bath unit • Minor kitchen updates made in 1 bed / 1 bath unit • Bathroom, laundry remodeled in 1 bed / 1 bath unit • New city compliant water heater closet on 1 bed / 1 bath unit • Dead and problematic trees were trimmed back or removed altogether No showings unless under contract; internally or externally. If you drive by, please do not disturb the tenants. Buyer managed NOI of 85 and Cap Rate of 7 based on actual costs.

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