Courtesy of: Michael Vasquez, Real Broker, LLC, michael@virtusrealtytx.com
Courtesy of: Michael Vasquez, Real Broker, LLC, michael@virtusrealtytx.com
$949,999
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13 bed
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9.00 Bath (9 Full)
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Lot: 0.33 Acres
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Apartment
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$949,999
118 Funston Pl This offering features a 9-unit multifamily property in the highly desirable Mahncke Park, with an additional single-family home at 417 Margaret Ave offered separately at $160, 000. Known for its tree-lined streets, historic character, and proximity to downtown, the Pearl District, and major employment hubs, Mahncke Park continues to be one of the city's most sought-after rental markets. The multifamily property totals 7, 590 SF on a 0.33-acre lot, with a strong unit mix of one-bedroom, two-bedroom, and studio layouts. Built in 1954, the asset combines classic architecture with functionality and recent updates, including exterior paint (2021), select AC replacements, and a solid roof-minimizing near-term capital requirements. With solid operations and multiple investment strategies, this property provides both immediate income and long-term upside. Whether held as a cash-flowing asset, repositioned with value-add improvements, or redeveloped in the future, the opportunities here are substantial.
Courtesy of: Michael Vasquez, Real Broker, LLC, michael@virtusrealtytx.com
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