Chad Nall
Listed by Chad Nall
$2,350,000
Van Cleave Modern - Fully Leased Asset
Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Units 10
Cap Rate 5.71%
NOI $134,105
Occupancy 100%
Broker Co-Op Yes
Class A
Year Built 2024
Buildings 5
Stories 2
Multifamily | 10 Units | $235,000/unit
Marketing description
Van Cleave Modern offers the opportunity to purchase fully lease, newer-construction townhomes within a 58-unit community in Northwest San Antonio. All units are currently leased, providing immediate cash flow with a median rent of $1,695/month. These low-maintenance townhomes feature open floor plans, quartz countertops, and private, fully fenced backyards, appealing to long-term tenants while keeping operating costs low. A professionally managed HOA supports exterior maintenance and asset consistency. Strategically located near major corridors, employers, and retail, this asset benefits from strong rental demand. Buy up to 15 doors, ideal for portfolio growth or expansion into a high-demand submarket.
Listing Contacts
Chad Nall
Listed by Chad Nall
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$134,105.00
$11,175.42/mo
Valuation Metrics
0
DSCR
5.71%
Cap Rate
5.71%
ROI
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