207 Hermine Back on Market Save Request In-Person Tour Request Virtual Tour
San Antonio,TX 78212
Key Details
Property Type Multi-Family
Sub Type Multi-Family (2-8 Units)
Listing Status Back on Market
Purchase Type For Sale
Square Footage 1,376 sqft
Price per Sqft $276
Subdivision Olmos Park Terrace
MLS Listing ID 1850659
Style One Story
Bedrooms 3
Full Baths 2
Year Built 1953
Annual Tax Amount $6,246
Lot Size 8,189 Sqft
Property Sub-Type Multi-Family (2-8 Units)
Property Description
Turnkey duplex in the Olmos Park Terrace Historic District - now even better for serious investors and house hackers! Both units are currently tenant-occupied and generating strong rental income - Unit 1 (2 bed, 1 bath) is newly leased at $2,000/month on a 1-year term, and Unit 2 (1 bed, 1 bath) is month-to-month at $1,800/month. That's a total of $3,800/month, hitting the sought-after 1% rule for investment properties - a rare find in today's market! Fully furnished and successfully operated as an Airbnb and corporate rental, this property has drawn steady demand from traveling professionals and short-term guests. Recent improvements include a new roof, foundation work, updated plumbing, and electrical upgrades. All-electric setup with one shared water heater. Located just 4 miles from Downtown San Antonio and close to The Quarry, Olmos Basin Park, HEB, USAA, and Southwest Research Institute, ensuring strong long-term rental demand. Eligible for historic tax exemptions, helping maximize cash flow (2024 taxes with exemptions approx. $4,860.31). New list price: $379,900 to reflect recent investments made by the sellers. Seller Financing available! Third-party program with 10% down payment option - contact us for more details. Important showing instructions: Both units are occupied. To minimize disturbance to tenants, proof of funds or pre-approval letter is required before scheduling a showing. 24-hour advance notice via ShowingTime is mandatory. Don't miss this cash-flowing, move-in-ready duplex with rare flexibility for house hacking, midterm, or long-term rentals! Serious inquiries only.
Location
State TX
County Bexar
Area 0900
Zoning R-4
Interior
Heating Central
Cooling Multi-Unit Central
Flooring Ceramic Tile,Laminate
Exterior
Exterior Feature Siding
Garage Spaces 4.0
Roof Type Composition
Building
Foundation Slab
Sewer City
Water City
Schools
Elementary Schools Rogers
Middle Schools Rogers
High Schools Edison
School District San Antonio I.S.D.
Others
Acceptable Financing Conventional,FHA,VA,1st Seller Carry,TX Vet,Cash,Investors OK,Other
Listing Terms Conventional,FHA,VA,1st Seller Carry,TX Vet,Cash,Investors OK,Other