227 Grimes , San Antonio, TX 78203
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  • MLS#: 1894289 ( Multi-Family (2-8 Units) )
  • Street Address: 227 Grimes
  • Viewed: 172
  • Price: $829,500
  • Price sqft: $190
  • Waterfront: No
  • Year Built: 2024
  • Bldg sqft: 4356
  • Days On Market: 106
  • Additional Information
  • County: BEXAR
  • City: San Antonio
  • Zipcode: 78203
  • Subdivision: E Houston So To Hedgessa
  • District: San Antonio I.S.D.
  • Elementary School: Smith
  • Middle School: Poe
  • High School: lands
  • Provided by: The Ortiz Firm
  • Contact: Guy Rubio
  • (210) 264-3639
  • San Antonio, TX MLS IDX
  • DMCA Notice
  • Description
    A Strong Investment Opportunity in the Rapidly Growing 78203 Zip Code! Discover this fully leased new construction 4 plex, thoughtfully designed as two duplexes in separate buildings, and generating $5,800/month in rental income. This turnkey investment offers immediate cash flow and a prime location near Downtown San Antonio and the approved Marvel redevelopment project a key driver in the area's rapid appreciation. Located just 2 miles from the Hemisfair District & River Walk, this property features four spacious units, each offering 1,089 sq. ft., 3 bedrooms, and 2.5 baths. Interiors showcase open concept layouts, modern kitchens, light wood style flooring, and updated bathrooms, providing tenants with comfort and style while keeping ownership low maintenance. Each residence includes a private driveway and covered carport. The property sits one block from St. Philip's College and is minutes from the Alamo Dome, Frost Bank Center, Fort Sam Houston, and major highways I 35 and I 10. Ideal for long term tenants or short term rental opportunities (Airbnb), this fully occupied asset combines modern design, strong location, and consistent rental performance making it a standout investment in one of San Antonio's fastest growing zip codes.
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Features
Building and Construction
  • Builder Name: A & I HOMES
  • Construction: Pre-Owned
  • Exterior Features: Siding
  • Flooring: Carpeting, Vinyl
  • Foundation: Slab
  • Roofing: Composition
  • Source Sqft: Appsl Dist
School Information
  • Elementary School: Smith
  • High School: Highlands
  • Middle School: Poe
  • School District: San Antonio I.S.D.
Eco-Communities
  • Water/Sewer: City
Utilities
  • Air Conditioning: Unit Central
  • Heat: Central
  • Heating Fuel: Electric
  • Meters: Separate Electric, Separate Water
  • Recent Rehab: No
  • Utility Supplier Elec: CPS
  • Utility Supplier Grbge: CITY
  • Utility Supplier Sewer: SAWS
  • Utility Supplier Water: SAWS
Finance and Tax Information
  • Annual Operating Expense: 18606.02
  • Days On Market: 105
  • Home Owners Association Mandatory: None
  • Net Operating Income: 50993.98
  • Total Tax: 17081.02
Other Features
  • Block: 27
  • Contract: Exclusive Right To Sell
  • Instdir: Corner of Wyoming & Grimes
  • Legal Desc Lot: 14
  • Legal Description: NCB 1462 BLK 27 LOT 14
  • Miscellaneous: Home Service Plan, Bldr 10yr Warranty
  • Op Exp Includes: Taxes, Insurance, Other
  • Ph To Show: 210-222-2227
  • Salerent: For Sale
  • Style: Two Story, Contemporary
  • Views: 172
  • Zoning: RM-4
Owner Information
  • Owner Lrealreb: Yes
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