Headshot for Associate Ron Tate
  1. Ron Tate, Broker,CRB,CRS,GRI,REALTOR ®,SFR
  2. By Referral Realty
  3. Mobile: 210.861.5730
  4. Office: 210.479.3948
  5. Fax: 210.479.3949
  6. rontate@taterealtypro.com
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Property Photos
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  • MLS#: 1894289 ( Multi-Family (2-8 Units) )
  • Street Address: 227 Grimes
  • Viewed: 99
  • Price: $849,000
  • Price sqft: $195
  • Waterfront: No
  • Year Built: 2024
  • Bldg sqft: 4356
  • Days On Market: 81
  • Additional Information
  • County: BEXAR
  • City: San Antonio
  • Zipcode: 78203
  • Subdivision: E Houston So To Hedgessa
  • District: San Antonio I.S.D.
  • Elementary School: Smith
  • Middle School: Poe
  • High School: lands
  • Provided by: The Ortiz Firm
  • Contact: Guy Rubio
  • (210) 264-3639
  • San Antonio, TX MLS IDX
  • DMCA Notice
  • Description
    A Strong Investment Opportunity in the Rapidly Growing 78203 Zip Code! Price Improvement Now Offered at $749,000! Discover this fully leased new construction 4 plex, thoughtfully designed as two duplexes in separate buildings, and generating $5,800/month in rental income. This turnkey investment offers immediate cash flow and a prime location near Downtown San Antonio and the approved Marble redevelopment project a key driver in the area's rapid appreciation. Located just 2 miles from the Hemisfair District & River Walk, this property features four spacious units, each offering 1,089 sq. ft., 3 bedrooms, and 2.5 baths. Interiors showcase open concept layouts, modern kitchens, light wood style flooring, and updated bathrooms, providing tenants with comfort and style while keeping ownership low maintenance. Each residence includes a private driveway and covered carport. The property sits one block from St. Philip's College and is minutes from the Alamo Dome, Frost Bank Center, Fort Sam Houston, and major highways I 35 and I 10. Ideal for long term tenants or short term rental opportunities (Airbnb), this fully occupied asset combines modern design, strong location, and consistent rental performance making it a standout investment in one of San Antonio's fastest growing zip codes. One of the property owners is a licensed real estate agent in the State of Texas.
Features
Possible Terms
  1. Conventional
  2. FHA
  3. VA
  4. Cash
Air Conditioning
  1. Unit Central
Annual Operating Expense
  1. 18606.02
Block
  1. 27
Builder Name
  1. A & I HOMES
Construction
  1. Pre-Owned
Contract
  1. Exclusive Right To Sell
Days On Market
  1. 79
Dom
  1. 79
Elementary School
  1. Smith
Exterior Features
  1. Siding
Flooring
  1. Carpeting
  2. Vinyl
Foundation
  1. Slab
Heat
  1. Central
Heating Fuel
  1. Electric
High School
  1. Highlands
Home Owners Association Mandatory
  1. None
Instdir
  1. Corner of Wyoming & Grimes
Legal Desc Lot
  1. 14
Legal Description
  1. NCB 1462 BLK 27 LOT 14
Meters
  1. Separate Electric
  2. Separate Water
Middle School
  1. Poe
Miscellaneous
  1. Home Service Plan
  2. Bldr 10yr Warranty
Net Operating Income
  1. 50993.98
Op Exp Includes
  1. Taxes
  2. Insurance
  3. Other
Owner Lrealreb
  1. Yes
Ph To Show
  1. 210-222-2227
Property Type
  1. Multi-Family (2-8 Units)
Recent Rehab
  1. No
Roofing
  1. Composition
Salerent
  1. For Sale
School District
  1. San Antonio I.S.D.
Source Sqft
  1. Appsl Dist
Style
  1. Two Story
  2. Contemporary
Total Tax
  1. 17081.02
Utility Supplier Elec
  1. CPS
Utility Supplier Grbge
  1. CITY
Utility Supplier Sewer
  1. SAWS
Utility Supplier Water
  1. SAWS
Views
  1. 99
Water/Sewer
  1. City
Year Built
  1. 2024
Zoning
  1. RM-4