Property Details

A rare multifamily opportunity in the Lavaca Historic District and Southtown corridor, the Florida Street Apartments are one of the few MF properties retaining the in-demand historic architectural detailing of the Lavaca and King William neighborhoods. Rear duplex unit has recently been sold, the main building is remaining with 5 units total, all vacated and refreshed. Ready for re-tenanting, additional value-add improvements or full or partial conversion to owner occupancy. 5 Units in the main bldg, built 1929. Total building 4,455 SF on .267 acres of land, currently being replatted. $57,465 Annual Pro-Forma NOI. Asking $670,000, with seller financing available. LOCATION: 204 Florida St and 910 Labor St, just west of the Florida/Carolina diamond interchange at I-37, and just off S. Presa in the Lavaca Historic District. Surrounded by iconic historic single family homes and top-of-the-market new construction townhomes, the Florida Street Apartments are walkable to all the famous restaurants of Southtown and downtown, and to the Mission Reach of the San Antonio River Hike & Bike Trail. This is a rapidly appreciating location with over 12,000 employees within a 1 mile radius.