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Photo Jul 22, 15 38 18
$245,000.00

#100HOUSES!!! – San Antonio, TX – Proposed 4 Unit Project

**See attached Deal Packet for Full Project Proposal**

PROJECT PROPOSAL 4-PLEX – 203 CHICAGO BLVD, San Antonio, TX 78210
ASKING FOR $245,000 @ 12% interest only for 6 – 9mo (1st lien) OR $245,000 @ 7% interest for 2 – 3 years
(1st lien)

Closing Date September 9, 2022

The plan is to take the current structure to the studs; extend the foundation (pier and beam), frame, and add in additional
plumbing and wiring making an addition of 1,902sqft for a total of 4 units each 2br/1ba 855sqft and renting them for $950/
mo minimum. Once fully rented, we will refinance with a conventional lender at 80%after repair value (arv) to repay the
loan plus accumulated interest. If you would like to stay in the lien position until I sell it off in 2 – 3 years, see option
above.

Located just minutes from downtown San Antonio, known for it's tourist attractions such as the Alamo (David Crockett), the River Walk, and the championship winning Spurs basketball…203 Chicago is surrounded by a lot of new development projects that have been expanding along the the city's expanded river and historical districts that stem from central part of the city and as far south of the city in both the commercial and residential sectors.

There remains an ever increasing demand for housing as new home sales and resales remain competitive for single family buyers. Affordable rental market has seen a surge in high demand for new and housing to meet the demand. Even as rental prices have gone up slightly, San Antonio is still one of the most affordable cities to live and raise a family in.

Backed by a high military presence (Ft. Sam Houston/Brooks Army Medical Center, Lackland AFB, and Randolph AFB), exponential jobs, growth, and opportunities in Technology, Medical, Education, and Entertainment to name a few, San Antonio is on track to break it's reputation of being a "small town city" and carries many great opportunities for long term growth for the years to come.

Property Information

Address
203 Chicago Blvd, San Antonio TX 78210
Property Type
Quad
Bedrooms
5+
Bathrooms
4+
Year Built
1945
Building Square Footage
1518
Lot Square Footage
7000

Financials

Estimated Repairs
100,000
After Repair Value
325,000
Total Investment
245,000

Contacts

Author Info

Avatar

Eugene "Sol Mustafa" Herbert

Member since 3 weeks ago
  • 110 E. Houston St. 7th Floor #126, San Antonio, TX 78205
  • 2108457873
  • eugene.herbert@gmail.com
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