Mulberry, San Antonio TX

Home/Mulberry/Mulberry, San Antonio TX

Project Description

Asset Type – Multi-Family (Triplex), Spanish Colonial Architecture, in an urban midtown neighborhood

How Acquired – From a Real Estate “Wholesaler”

How Funded – Private Investor Loan and a “Self-Directed” IRA

Objective – “Buy-Fix & Hold” (for monthly rental cash flow)

Scope of Work – Complete Gut, Reframing and Foundation project, All rooms renovated including kitchens and bathroom.  There will be significant landscaping.

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Exit Strategy (Outcome) – Attract high-end millennials willing to pay maximum rents to be located within 4 miles from downtown San Antonio downtown with a historical neighborhood feel.