About 1246 Waverly
Completely remodeled STR Investment property with Owner Financing as an Option. 8.4 Cap Rate and 87% occupancy - WOW. Location couldn't be better-less than 5 minutes from the bustling Riverwalk and the trendy Pearl district. Zoned RM-4-an extraordinary rarity in this sought-after lakeside enclave-this property stands out as a prime investment. With three meticulously rehabbed units (2022) and no HOA to worry about, you'll appreciate the current gross annual income of $85K and an impressive cap rate. Two units are already rented with established leases, while the front unit offers fantastic shorthand mid-term rental potential. Plus, with RM-4 zoning, there's room to add a charming tiny house! Included in this incredible package are all furnishings and an inventory of everything you need to hit the ground running. This property is not just a triplex; it's a fantastic investment opportunity waiting for you to seize! Don't miss out-schedule your viewing today and make this gem yours!
Features of 1246 Waverly
| MLS® # | 1917590 |
|---|---|
| Price | $675,000 |
| Remarks | $Completely remodeled STR Investment property with Owner Financing as an Option. 8.4 Cap Rate and 87% occupancy - WOW. Location couldn't be better-less than 5 minutes from the bustling Riverwalk and the trendy Pearl district. Zoned RM-4-an extraordinary rarity in this sought-after lakeside enclave-this property stands out as a prime investment. With three meticulously rehabbed units (2022) and no HOA to worry about, you'll appreciate the current gross annual income of $85K and an impressive cap rate. Two units are already rented with established leases, while the front unit offers fantastic shorthand mid-term rental potential. Plus, with RM-4 zoning, there's room to add a charming tiny house! Included in this incredible package are all furnishings and an inventory of everything you need to hit the ground running. This property is not just a triplex; it's a fantastic investment opportunity waiting for you to seize! Don't miss out-schedule your viewing today and make this gem yours! |
| Square Footage | 1,244 |
| Acres | 0.35 |
| Year Built | 1947 |
| Type | Multi-Family (2-8 Units) |
| Status | New |
| Housing Type | One Story |
Community Information
| Address | 1246 Waverly |
|---|---|
| Area | 0800 |
| Subdivision | WOODLAWN LAKE |
| City | San Antonio |
| County | Bexar |
| State | TX |
| Zip Code | 78201 |
Amenities
| Pool On Property | No |
|---|
Interior
| Heating | Central, Window Unit |
|---|---|
| Cooling | One Central, Unit Central |
Exterior
| Exterior | Siding |
|---|---|
| Exterior Features | Covered Patio, Mature Trees |
| Roof | Heavy Composition, Metal |
| Foundation | Other |
School Information
| District | San Antonio I.S.D. |
|---|---|
| Elementary | Fenwick |
| Middle | Fenwick |
| High | Jefferson |
Additional Information
| $/LivSqFt | $543 |
|---|---|
| Net Income | $49,141 |
| Building Sqft | 1,244 |
| # Units | 3 |
| Date Listed | September 15th, 2025 |
| Days on Market | 39 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Richard Moya |
|---|---|
| Office | redKorr Realty LLC |