Fixer Upper – PERFECT for Investor with Hard Money Loan!! We have a crew lined up to do the work and can refer you to hard money lenders if you need it. This property is located just south east of downtown near the San Antonio redevelopment zone area of the Dignowity neighborhood. This property includes two buildings. I recommend converting the front building tri-plex back into a duplex. There are four electric meters so this will be easier for management to have four separately metered units instead of five units with four meters. This will also mean this is a residential and not commercial property, saving on fees and rates. Renovation should include: Convert front building back into a duplex, update foundation, plumbing, electric, kitchens and bathrooms and complete exterior and interior painting included for both buildings. All four units are included in renovation. Replace front building roof. Newly renovated should mean less maintenance so CAP rate is at 30% instead of 40%. Renovation bid available upon request. PURCHASE: 115,000 – as is POTENTIAL RENT: $2,100 (two @ 475 and two @ 575) COCR (Cash on Cash Return): 13.6% CAP Rate (Based on 30% expenses): 9.5% - Could be higher with lower rehab costs! Central air and heat: No Foundation: pier & beam Link to photos: http://antex.zenfolio.com/p818816643 If you are doing a 1031 exchange or would like a rent ready investment, we can arrange a "fully rehabbed" price quote for you. This price would include our crew performing and my staff supervising the progress of the project.