- MLS#: 1850659 ( Multi-Family (2-8 Units) )
- Street Address: 207 Hermine
- Viewed: 28
- Price: $379,900
- Price sqft: $276
- Waterfront: No
- Year Built: 1953
- Bldg sqft: 1376
- Days On Market: 43
- Additional Information
- County: BEXAR
- City: San Antonio
- Zipcode: 78212
- Subdivision: Olmos Park Terrace
- District: San Antonio I.S.D.
- Elementary School: Rogers
- Middle School: Rogers
- High School: Edison
- Provided by: StepStone Realty, LLC
- Contact: Hiroki Irino
- (210) 802-7262
- DMCA Notice
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DescriptionTurnkey duplex in the Olmos Park Terrace Historic District now even better for serious investors and house hackers! Both units are currently tenant occupied and generating strong rental income Unit 1 (2 bed, 1 bath) is newly leased at $2,000/month on a 1 year term, and Unit 2 (1 bed, 1 bath) is month to month at $1,800/month. That's a total of $3,800/month, hitting the sought after 1% rule for investment properties a rare find in today's market! Fully furnished and successfully operated as an Airbnb and corporate rental, this property has drawn steady demand from traveling professionals and short term guests. Recent improvements include a new roof, foundation work, updated plumbing, and electrical upgrades. All electric setup with one shared water heater. Located just 4 miles from Downtown San Antonio and close to The Quarry, Olmos Basin Park, HEB, USAA, and Southwest Research Institute, ensuring strong long term rental demand. Eligible for historic tax exemptions, helping maximize cash flow (2024 taxes with exemptions approx. $4,860.31). New list price: $379,900 to reflect recent investments made by the sellers. Seller Financing program is available via Third party program. Important showing instructions: Both units are occupied. To minimize disturbance to tenants, proof of funds or pre approval letter is required before scheduling a showing. 24 hour advance notice via ShowingTime is mandatory. Don't miss this cash flowing, move in ready duplex with rare flexibility for house hacking, midterm, or long term rentals! Serious inquiries only.
- Principal & Interest -
- Property Tax $
- Home Insurance $
- HOA Fees $
- Monthly -
- Apprx Age: 72
- Builder Name: Unknown
- Construction: Pre-Owned
- Exterior Features: Siding
- Flooring: Ceramic Tile, Laminate
- Foundation: Slab
- Roofing: Composition
- Source Sqft: Appraiser
- Elementary School: Rogers
- High School: Edison
- Middle School: Rogers
- School District: San Antonio I.S.D.
- Energy Efficiency: Programmable Thermostat, Double Pane Windows, Ceiling Fans
- Water/Sewer: City
- Air Conditioning: Multi-Unit Central
- Heat: Central
- Heating Fuel: Electric
- Meters: Separate Electric, Common Water
- Utility Supplier Elec: CPS Energy
- Utility Supplier Gas: Not in use
- Utility Supplier Grbge: City
- Utility Supplier Sewer: SAWS
- Utility Supplier Water: SAWS
- Annual Operating Expense: 27217.82
- Home Owners Association Mandatory: None
- Net Operating Income: 14913.76
- Total Tax: 6246.78
- Contract: Exclusive Right To Sell
- Instdir: From I-410 to San Pedro Ave to W Hermine Blvd. Turn left onto W Hermine Blvd.
- Legal Desc Lot: 102
- Legal Description: NCB 9005 Hermine Subd, Block 3 Lot 102 2023-New Per Plat 2
- Miscellaneous: Historic District
- Op Exp Includes: Taxes, Insurance, Maintenance, Management, Licenses/Permits, All Utilities, Services, Miscellaneous
- Ph To Show: 800-746-9464
- Salerent: For Sale
- Style: One Story
- Views: 28
- Zoning: R-4
- Owner Lrealreb: No
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- Ozra Barakat
- Premier Realty Group
- Mobile: 210.970.9210
- Mobile: 210.970.9210
- ozrarealtor@gmail.com