3557 Fm 1346, La Vernia, TX 78121
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  • MLS#: 1909086 ( Multi-Family (2-8 Units) )
  • Street Address: 3557 Fm 1346
  • Viewed: 4
  • Price: $900,000
  • Price sqft: $353
  • Waterfront: No
  • Year Built: 1960
  • Bldg sqft: 2552
  • Days On Market: 99
  • Additional Information
  • County: WILSON
  • City: La Vernia
  • Zipcode: 78121
  • Subdivision: Wm Mc Nuner Sur
  • District: La Vernia Isd.
  • Elementary School: La Vernia
  • Middle School: La Vernia
  • High School: La Vernia
  • Provided by: Real Broker, LLC
  • Contact: Tre Serrano
  • (855) 450-0442
  • San Antonio, TX MLS IDX
  • DMCA Notice
  • Description
    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.
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Features
Building and Construction
  • Apprx Age: 65
  • Builder Name: Unknown
  • Construction: Pre-Owned
  • Exterior Features: Other
  • Flooring: Carpeting, Ceramic Tile, Vinyl, Laminate
  • Foundation: Other
  • Other Structures: Other
  • Roofing: Other
  • Source Sqft: Appsl Dist
School Information
  • Elementary School: La Vernia
  • High School: La Vernia
  • Middle School: La Vernia
  • School District: La Vernia Isd.
Eco-Communities
  • Water/Sewer: Septic, Aerobic Septic
Utilities
  • Air Conditioning: Other
  • Heat: Other
  • Heating Fuel: Electric
  • Meters: Separate Electric, Separate Water
  • Recent Rehab: Yes
Finance and Tax Information
  • Annual Operating Expense: 50020
  • Days On Market: 70
  • Home Owners Association Mandatory: None
  • Net Operating Income: 61136
  • Total Tax: 8370.42
Other Features
  • Block: N/A
  • Contract: Exclusive Right To Sell
  • Instdir: Take 1604 Loop to La Vernia Rd in Bexar County Follow La Vernia Rd to your destination in Wilson County
  • Legal Desc Lot: 16
  • Legal Description: A0237 Wm Mc Nuner Sur, Tract 16, Acres 4.546
  • Op Exp Includes: Taxes, Insurance, Maintenance, Management
  • Ph To Show: 2102222227
  • Salerent: For Sale
  • Style: One Story, Other
  • Zoning: OCL
Owner Information
  • Owner Lrealreb: No
Headshot for Associate Kim McCullough
  1. Kim McCullough, ABR,REALTOR ®
  2. Premier Realty Group
  3. Mobile: 210.213.3425
  4. Mobile: 210.213.3425
  5. kimmcculloughtx@gmail.com