207 Hermine

San Antonio, TX 78212

Turnkey duplex in the Olmos Park Terrace Historic District - now even better for serious investors and house hackers! Both units are currently tenant-occupied and generating strong rental income - Unit 1 (2 bed, 1 bath) is newly leased at $2,000/month on a 1-year term, and Unit 2 (1 bed, 1 bath) is month-to-month at $1,800/month. That's a total of $3,800/month, hitting the sought-after 1% rule for investment properties - a rare find in today's market! Fully furnished and successfully operated as an Airbnb and corporate rental, this property has drawn steady demand from traveling professionals and short-term guests. Recent improvements include a new roof, foundation work, updated plumbing, and electrical upgrades. All-electric setup with one shared water heater. Located just 4 miles from Downtown San Antonio and close to The Quarry, Olmos Basin Park, HEB, USAA, and Southwest Research Institute, ensuring strong long-term rental demand. Eligible for historic tax exemptions, helping maximize cash flow (2024 taxes with exemptions approx. $4,860.31). New list price: $379,900 to reflect recent investments made by the sellers. Seller Financing available! Third-party program with 10% down payment option - contact us for more details. Important showing instructions: Both units are occupied. To minimize disturbance to tenants, proof of funds or pre-approval letter is required before scheduling a showing. 24-hour advance notice via ShowingTime is mandatory. Don't miss this cash-flowing, move-in-ready duplex with rare flexibility for house hacking, midterm, or long-term rentals! Serious inquiries only.

Listing courtesy of Hiroki Irino of StepStone Realty, LLC 2108027262


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