About 311 E Live Oak St
This wonderful older home has been split up into six different units. It brings in a monthly income of $4290. There are 3 studio apartments, 2 one bedroom apartments, and 1 two bedroom apartment. All the apartments have their own bathroom, stove, fridge, AC and heat window units. The yearly income is $51,480. The yearly expenses are $25,596. Net operating income is $25,884. The owner does pay all the utilities. The meters are limited and not split up between tenants. After a letter of intent is accepted by the sellers -showings can be set up of the units. There will be no showings prior to this. Due to the fact we do not want to disturb the tenants. Will only go commercial financing since a 6 plex.
Features of 311 E Live Oak St
| MLS® # | 1834864 |
|---|---|
| Price | $275,000 |
| Number Of Units | 6 |
| Square Footage | 2,824 |
| Acres | 0.23 |
| Year Built | 1939 |
| Type | Multi-Family (2-8 Units) |
| Sub-Type | Two Story |
| Status | Active |
Community Information
| Address | 311 E Live Oak St |
|---|---|
| Subdivision | Inner |
| City | Seguin |
| County | Guadalupe |
| State | TX |
| Zip Code | 78155-6457 |
Multi-Unit Information
| Gross Annual Income | $50,280 |
|---|---|
| Net Operating Income | $26,834 |
| Annual Operating Expense | $23,446 |
| Operating Expense Includes | All Utilities, Insurance, Maintenance, Taxes |
Unit 1 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Street |
| Handicap Access | NO |
| Rent | $700 |
| Occupied | YES |
| Includes | Oven/Stove, Refrigerator |
Unit 2 Information
| Bedrooms | 2 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Street |
| Handicap Access | NO |
| Rent | $890 |
| Occupied | YES |
| Includes | Oven/Stove, Refrigerator |
Unit 3 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Street |
| Handicap Access | NO |
| Rent | $600 |
| Occupied | YES |
| Includes | Oven/Stove, Refrigerator |
Unit 4 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Street |
| Handicap Access | NO |
| Rent | $500 |
| Occupied | YES |
| Includes | Oven/Stove, Refrigerator |
Unit 5 Information
| Bedrooms | 1 |
|---|---|
| Bathrooms (Full) | 1 |
| Parking Spaces | 1 |
| Parking Type | Street |
| Handicap Access | NO |
| Rent | $750 |
| Occupied | YES |
| Includes | Oven/Stove, Refrigerator |
Unit 6 Information
| Parking Type | Street |
|---|---|
| Includes | Oven/Stove, Refrigerator |
Amenities
| Has Pool | No |
|---|
Interior
| Heating | 1 Unit |
|---|---|
| Cooling | Window/Wall |
| Has Basement | No |
Exterior
| Exterior | Wood |
|---|---|
| Exterior Features | Level, Mature Trees (ext feat) |
| Roof | Metal |
School Information
| District | Seguin |
|---|---|
| Elementary | Seguin |
| Middle | Seguin |
| High | Seguin |
Additional Information
| Date Listed | January 15th, 2025 |
|---|---|
| Days on Market | 545 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 9.76 |
| Gross Rent Multiplier | 5.47 |
| Estimated Taxes | $6,000 |
Listing Details
| Agent | Duley Dawson |
|---|---|
| Office | Dawson & Associates |
| Contact Info | (830) 305-0650 |