About 1246 Waverly Avenue
Completely remodeled Investment property with Owner Financing as an Option. 8.4 Cap Rate and 87% occupancy - WOW. Location couldn't be better-less than 5 minutes from the bustling Riverwalk and the trendy Pearl district. Zoned RM-4-an extraordinary rarity in this sought-after lakeside enclave-this property stands out as a prime investment. With three meticulously rehabbed units (2022) and no HOA to worry about, you'll appreciate the current gross annual income of $85K and an impressive cap rate. Two units are already rented with established leases, while the front unit offers fantastic short- and mid-term rental potential. Plus, with RM-4 zoning, there's room to add a charming tiny house! Included in this incredible package are all furnishings and an inventory of everything you need to hit the ground running. This property is not just a triplex; it's a fantastic investment opportunity waiting for you to seize! Don't miss out-schedule your viewing today and make this gem yours!
Features of 1246 Waverly Avenue
| MLS® # | 593334 |
|---|---|
| Price | $695,000 |
| Bathrooms | 0.00 |
| Square Footage | 2,840 |
| Acres | 0.35 |
| Year Built | 1947 |
| Type | Single-Family |
| Sub-Type | Triplex |
| Status | Active |
Community Information
| Address | 1246 Waverly Avenue |
|---|---|
| Subdivision | Ncb 2056 |
| City | San Antonio |
| County | Bexar |
| State | Texas |
| Zip Code | 78201 |
Amenities
| Utilities | Natural Gas Available, Cable Available |
|---|---|
| View | Other |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Laminate, Hardwood |
|---|---|
| Appliances | Electric Range, Gas Range, Some Gas Appliances, Dryer, Some Electric Appliances, Washer |
| Heating | Central, Electric, Fireplace(s), Window Unit |
| Fireplace | Yes |
| # of Fireplaces | 1 |
| Fireplaces | Living Room |
| # of Stories | 1 |
| Stories | One |
Exterior
| Roof | Metal |
|---|---|
| Construction | Other, See Remarks |
| Foundation | Other, See Remarks |
School Information
| District | San Antonio ISD |
|---|
Additional Information
| Date Listed | September 22nd, 2025 |
|---|---|
| Days on Market | 3 |
| Foreclosure | No |
| RE / Bank Owned | No |
Listing Details
| Office | RedKorr Realty LLC |
|---|