653 Delgado StSan Antonio, TX 78207

For Sale
$1,600,000
12-unit, turnkey apartment building, 6.45% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional Class A, 12-unit apartment building, known as Delgado Lofts, presents a compelling investment opportunity in the vibrant San Antonio, Texas market. Built in 2018, this turnkey property boasts 5,760 square feet of net rentable space and is currently 100% occupied, generating a strong net operating income (NOI) of $103,232, translating to a 6.45% capitalization rate. Each of the 12 units offers a unique "tiny home" style living experience, minimizing landlord responsibilities and maximizing efficiency. Located at 653 Delgado St, San Antonio, TX 78207, this property benefits from its proximity to downtown San Antonio, within Bexar County. The asking price is $1,600,000, representing a price per unit of $133,333.33. This property offers immediate cash flow potential and is situated in the seventh largest city in the United States and the second largest in Texas, providing a stable and growing market for rental income. The property's 2018 construction ensures modern amenities and minimal maintenance needs. This is a rare opportunity to acquire a high-performing, low-maintenance multifamily asset in a prime location. APN: 02150-001-0030.

Highlights

  • Turnkey tiny home community near Downtown San Antonio.
  • 2018 construction.
  • 100% occupancy.
  • Prime San Antonio location; 7th largest US city, 2nd largest in Texas.
  • Excellent cash flow opportunity.
  • Minimal landlord responsibilities.

Property Details for 653 Delgado St

Property type
Apartment buildings
Class
A
Year Built
2018
Buildings
12
Units
12

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.4376238
Longitude
-98.5141548
653 Delgado St, San Antonio, Texas

FAQs

What type of property is this?
Apartment building - 12-unit, turnkey apartment building, 6.45% cap rate.
Where is the apartment building located?
The property is located at 653 Delgado St San Antonio, TX.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Turnkey tiny home community near Downtown San Antonio.; 2018 construction.; 100% occupancy.
How can I contact the broker?
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653 Delgado St
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