Property Description

Welcome to 1026 W Gramercy Pl, a fully renovated, turnkey 5-unit apartment in Beacon Hill, offering immediate cash flow and low vacancy rates due to its prime location near downtown San Antonio. This property features four units in the main structure and one detached cottage, all showcasing modern updates, neutral colors, and ample natural lighting. Each unit is equipped with its own washer and dryer, central heating and air, and is separately metered for electrical, providing convenience for both tenants and owners. All appliances, including dishwashers (except in the cottage), are included, making this a hassle-free investment. A standout feature is the individual water heaters and separate water cutoffs for each unit, ensuring that repairs in one unit won't disrupt the others. The property underwent a foundation-up restoration in 2020, guaranteeing modernized systems and reduced maintenance costs. Importantly, all countertops and vanity tops throughout the apartments are made of real stone, adding a touch of luxury and durability. The landscaping incorporates xeriscaping, which helps keep water utility expenses lower. With consistent cash flow from fully occupied units, this property is a solid investment in a high-demand neighborhood. Located in Beacon Hill, close to downtown, shopping, dining, and universities, it combines the charm of a historic area with the convenience of city living. Don't miss this opportunity to own a turnkey, high-performing asset in an appreciating market!