326 E. Mistletoe is a Spanish-style duplex from the 1930s, boasting a distinctive character and complemented by an additional efficiency unit and empty lot. It holds a prime position at the corner of two spacious lots, totaling 0.321 acres, in the charming Tobin Hill neighborhood. The property's architectural style is original and reminiscent of the 1930s, with its characteristic design elements that add to its appeal. Consisting of three units, this triplex showcases varying sizes of one-bedroom and one-bathroom units that contribute to its individuality. Inside the duplex, you'll find hardwood floors that exude a warm and inviting ambiance. The duplex units are further enhanced by the presence of fireplaces, which add a touch of classic elegance and provide a cozy atmosphere. The property is also graced with beautiful archways, enhancing its visual charm. Zoned as RM-4, this classification creates an exciting opportunity to expand the property's potential by adding a fourth unit with the use of the 2nd lot. This could significantly boost its capacity to generate rental income, making it an enticing prospect for savvy investors. The property's current configuration has proven highly successful, boasting a 100% occupancy rate. This track record highlights its capacity to provide a steady stream of income, making it a promising investment venture. The property is being offered for sale in "as is" condition, affording the new owner the flexibility to personalize and renovate according to their preferences. This freedom could lead to the creation of a more modern and versatile four-unit structure, maximizing the potential for income generation and modernizing the property to suit contemporary demands. This compelling investment opportunity is ideally situated in an up-and-coming location, making it even more appealing. Its unique architectural style, existing rental success, and potential for expansion make it a property that shouldn't be overlooked by investors looking for a promising venture in the real estate market. Whether choosing to retain its classic charm or embark on a modernization journey, this property holds the proposal of a lucrative and fulfilling investment to capture the markets of 2 nearby Universities (Incarnate Word & Trinity), 2 private schools (Keystone & the Academy), Fort Sam Houston, the Pearl, the museum reach & the Botanical Gardens, Zoo and being less than a mile from 281. Appraisal Sketch verifying square footage and Report of Structural Evaluation available. Being sold as Multi-Family or Lot & Acreage. *For further incentive, the Seller is offering a 2-1 buydown. Open house Sun 8/13 12-4
