TX > San Antonio > Monte Vista
San Antonio, TX 78212,120 Magnolia Ave
San Antonio, TX 78212,120 Magnolia Ave
San Antonio, TX 78212,120 Magnolia Ave
San Antonio, TX 78212,120 Magnolia Ave
San Antonio, TX 78212,120 Magnolia Ave
San Antonio, TX 78212,120 Magnolia Ave
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Kenny Cunningham

Kenny Cunningham

+1(830) 293-5959
$ 1,290,000
Est. payment | /mo

8 Beds

4 Baths

3,014 SqFt

Save
$ 1,290,000
Est. payment | /mo
Save

8 Beds

4 Baths

3,014 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family (2-8 Units)

Listing Status Active

Purchase Type For Sale

Square Footage 3,014 sqft

Price per Sqft $428

Subdivision Monte Vista

MLS Listing ID 1908192

Style Two Story

Bedrooms 8

Full Baths 4

Year Built 1919

Annual Tax Amount $11,559

Lot Size 6,272 Sqft

Property Sub-Type Multi-Family (2-8 Units)

Property Description

Prime investment opportunity in the heart of San Antonio! 120 E Magnolia Ave is a fully stabilized fourplex generating strong cash flow with a projected Gross Scheduled Income of $139,200 per year. The property features two units (101 & 201) operating as Airbnb rentals with active 3-year city permits, each producing $3,800/month. Unit 102 is leased at $1,800/month, and Unit 202 has a projected market rent of $2,200/month. Total monthly income at stabilization is $11,600. Operating expenses are modest at just $18,763 annually, including insurance, taxes, water, internet, and landscaping, resulting in a Net Operating Income (NOI) of $120,436.29. At the current asking price of $1,290,000, the property delivers a cap rate of 9.34, making it a rare find for investors seeking immediate returns in a strong rental market. Located just minutes from downtown San Antonio, Pearl Brewery, Trinity University, and major employment centers, the property offers both long-term leasing and short-term rental upside. This combination of permitted Airbnb units, conventional rentals, and prime location ensures consistent cash flow and future appreciation potential. With all units either leased or stablelize at market rent, 120 E Magnolia Ave represents a turnkey, income-producing asset ideal for seasoned investors or those seeking to enter San Antonio's thriving multifamily and short-term rental market.

Location

State TX

County Bexar

Area 0900

Zoning R-4 CD

Direction E

Interior

Heating Central

Cooling One Central

Flooring Laminate

Exterior

Exterior Feature Siding

Garage Spaces 4.0

Roof Type Tile

Schools

Elementary Schools Cotton

Middle Schools Beacon Hill

High Schools Edison

School District San Antonio I.S.D.

Others

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

LERA MLS - Local Expertise Regional Access / SABOR
Listed by Jair Gamiz • Uriah Real Estate Organization • (210) 618-6646
Kenny Cunningham

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(830) 293-5959

kenny@clickandmoverealty.com

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120 Magnolia Ave