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Alison Neely Stone

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1702 W Craig PL San Antonio, TX 78201

12 Beds

8 Baths

4,704 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Two Story

Listing Status Active

Purchase Type For Sale

Square Footage 4,704 sqft

MLS Listing ID 2022272

Style Two Story

Bedrooms 12

Full Baths 8

Year Built 2005

Annual Tax Amount $17,367

Lot Size 0.262 Acres

Acres 0.2616

Property Sub-Type Two Story

Property Description

1702 W Craig Place presents investors with the opportunity to acquire a well-positioned, income-producing 8-unit multifamily asset with attractive value-add potential in San Antonio's established Woodlawn Lake neighborhood. Originally constructed in 2005, the property is situated on approximately 0.26 acres and encompasses 4,704 square feet of rentable living area. The community features a balanced unit mix of four (4) one-bedroom/one-bathroom units and four (4) two-bedroom/one-bathroom units. The property offers investors consistent in-place cash flow with opportunities for continued revenue growth and operational improvements. Each residence is equipped with an individual central HVAC system and separately metered electricity. Private gated parking further enhances the resident experience, offering an added level of security and convenience within this established urban neighborhood. Strategically positioned on a prominent corner lot in San Antonio's Woodlawn Lake area, the property benefits from proximity to Downtown San Antonio, Woodlawn Lake Park, major transportation corridors, and a variety of employment, retail, and recreational destinations. The surrounding neighborhood is characterized by established residential communities, ongoing home renovations, selective infill development, and public infrastructure investment, contributing to the area's long-term residential appeal. The property's desirable unit mix, existing income stream, and potential for interior enhancements, strategic rent optimization, and improved operating efficiencies provide multiple avenues for new ownership to increase net operating income and enhance overall asset value. Additionally, its location within an established infill neighborhood offers investors the opportunity to benefit from continued community reinvestment and potential long-term appreciation. 1702 W Craig Place represents a compelling opportunity to acquire a cash-flowing multifamily investment with meaningful value-add potential in one of San Antonio's established residential submarkets. The combination of current income, manageable asset size, individual utility metering, and opportunities for operational upside makes this offering particularly attractive to private investors, yield-focused buyers, and 1031 exchange purchasers seeking a well-located multifamily asset with both immediate income and long-term growth potential.

Location

State TX

County Bexar

Area 0700

Zoning C-2 NCD-8

Interior

Heating Central

Cooling Unit Central

Flooring Ceramic Tile, Other

Exterior

Exterior Feature Stucco

Garage Spaces 8.0

Roof Type Composition

Building

Foundation Slab

Sewer City

Water City

Schools

Elementary Schools Fenwick

Middle Schools Fenwick

High Schools Jefferson

School District San Antonio I.S.D.

Others

Acceptable Financing Conventional, FHA, VA, Cash, Investors OK, Other

Listing Terms Conventional, FHA, VA, Cash, Investors OK, Other

VOW-LERA MLS - Local Expertise Regional Access / SABOR

Listed by Michael Rayos • Uriah Real Estate Organization • (210) 378-6955

NEARBY SCHOOLS & PROPERTIES

Alison Neely Stone

Advisor License ID: 0680665

+1(210) 508-3586

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Alison Neely Stone

1702 W Craig PL San Antonio, TX 78201

Key Details

Location

Interior

Exterior

Building

Schools

Others

1702 W Craig PL

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