207 Hermine,San Antonio, TX 78212
San Antonio, TX 78212
Description
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 program is available via Third-party program. 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.
Details
| MLS# | 1850659 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Status | Active |
| Year | 1953 |
| Days On Site | 59 |
| Listing Provided By | StepStone Realty, LLC | Hiroki Irino |
Features
| SQ Feet | 1,376 |
|---|---|
| Units | 2 |
| Zoning | R-4 |
| Acreage | 0.19 |
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Learn More About This Property
| State | TX |
|---|---|
| County | Bexar |
| City | San Antonio |
| Zip Code | 78212 |
| Area | Bexar |
| Community Name | OLMOS PARK TERRACE |
| School District | San Antonio I.S.D. |
| Elementary School | Rogers |
| Middle School | Rogers |
| High School | Edison |
| Listing VS Median (in OLMOS PARK TERRACE) | |
Price: $379,900 low | high Med: $299,900 SqFt: 1,376 low | high Med: 2,475 $ / SqFt: $276 low | high Med: $121 On site: 59 low | high Med: 128.000000 | |