The Pearl Cottage and Pearl Loft are premiere short term rental developments 2 blocks from the Riverwalk and Pearl district. Myrtle St dead-ends into the iconic Hotel Emma Riverwalk bridge. You can't find a better location near the Pearl! The property is sold as-is, fully furnished with linens and supplies, including the fully functioning Airbnb & VRBO short term rental accounts with over 200 reviews averaging 4.95 stars. In 2021, the property finished a remodel of the Cottage home with an addition of 900 sq. feet, as well as the new construction of a two car garage with a modern 1400 sq. feet open concept loft above. The properties each have private entrances, but adjoin through a deadbolt locked door in the laundry room. The cottage designed and remodeled for hosting larger groups of people, but can be easily transitioned to accommodate a family. The kitchen opens into the dining and living room space with vaulted ceilings. The principal suite in the rear of the house is serene and feels separate from the front of the house, with French door access to a lovely backyard hideaway. The loft design is entirely open concept. There are only 2 doors in the unit: 1 to a full bath down stairs, and 1 to a lockable storage closet. The remainder is entirely open and free-flowing. The living room has 23' ceilings and can accommodate gatherings up to 20-30 people comfortably. The mezzanine currently has a desk and a day bed that converts into a king with luxury mattress. The principal suite is on the 3rd floor with French door access to a sky deck with view of the Pearl and San Antonio downtown skyline. There are many different options for use of this property. A few strategies include: continue to rent to short or long term prospects either both properties together or separate, live in one property or the other and rent the unoccupied side, live in and enjoy both properties with plenty of room for family or guests. The property and location are extraordinary opportunities for a small business or high quality of life residential living. The owners are moving and transitioning to new properties in their new location. They have steadily grown the business through careful management to the point where 2022 gross revenue was $195K and 2023 is on pace to hit that number again. The rental revenue and expense data is available upon request to serious buyers.
Listing information provided courtesy of the San Antonio Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 9th December, 2023 12:28 AM (UTC)