This well-maintained rental property has three 1-bedroom units in addition to the original 2-bedroom home. Utilities are included in the rent, since there is one electric meter and one central air conditioning and heating unit. The fourplex is located in a convenient area of south San Antonio, close to major thoroughfares and downtown and near the bus line.

Tenant and plumbing problems caused 5 months of unusually high vacancy rates and repair expenses in '09. The units rent quickly when vacant, and the property is now 100% occupied. 

The onsite property manager does a great job keeping the units leased and in good condition, and would be willing to stay on.

With a pro-forma cap rate of 11%, this is a great property for income!