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3557 Fm 1346, La Vernia, TX 78121

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For Sale

$900,000

9 baths • 1 half baths • 2,552 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $352.66
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Opportunity meets scale here at 3557 FM 1346 in La Vernia ISD: a fully-zoned multifamily investment property situated on ~4.748 acres in Wilson County, listing as seven primary structures comprising six residences plus a large commercial warehouse/storage building. Current total annual gross revenue is approx. $89,000 with a pro forma full-occupancy projection of $115,788 or more. The site features six units currently occupied, each with separate electric meters, water included in rent, private driveways, fenced yards, mature trees, and the ability to build 3-4 additional pad sites tying into existing septic infrastructure. Properties include: a ~1,040 sq ft mobile home, a ~1,512 sq ft single-family home, a ~616 sq ft studio apartment, a ~600 sq ft commercial warehouse/storefront (plus ~6,400 sq ft non-livable storage), two ~1,248 sq ft mobile homes and a third ~1,250 sq ft mobile home. The total listed area of 2,552 sq ft referenced pertains to one structure only; the full compound spans multiple buildings. Situated in the growing La Vernia corridor with frontage along FM 1346 and accessible to Loop 1604 and I-10, this property positions itself for both investor upside and owner-occupant potential. With approximately 4.5 acres of land, there is room for expansion, subdivision or redevelopment (subject to zoning and permitting). Each residence features separate water and electric (tenant billed), and recent septic servicing underscores the functional infrastructure. The investment comes to market with no HOA, and an ideal layout for owner-occupier living in one unit while collecting rental income from the remainder. With the ability to scale revenue beyond $10k/month under full occupancy and optimized rent roll, the asset appeals to 1031 exchange buyers, investment groups, or those seeking a mixed-use/rental campus in the San Antonio MSA. Zoned to the reputable La Vernia Independent School District, the site also benefits from easy access to retail and service infrastructure along Hwy 87 and FM 775, plus the dynamic southeast San Antonio sub-market. Buyer to verify all unit counts, rental history, zoning, acreage, utility servicing, income/expense data, and land-use potential.
MLS# 1909086

Courtesy Of Real Broker, LLC

(855) 450-0442

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Lot Size
    4.75 Acres

Map and Directions

Directions to 3557 Fm 1346, La Vernia, TX 78121

Home seller CENTURY 21 Running S Realty

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CENTURY 21 Running S Realty

(830) 865-0000
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.