653 Delgado StSan Antonio, TX 78207

Property Details for 653 Delgado St

Year built

1940

Lot size

0.37 AC

Property size (Sq ft)

2,136 SF

Property type

Garden apartment buildings

APN

02150-001-0030

APU

21500010030

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $477,994

  6.5%

  $441,225

  7%

  $409,709

• Comparable approach

  Method

  Valuation

  Relative Method

  $752,446

  Geo Method

  $752,446

• Alternative Use

  Use

  Valuation

  Residential

  $441,225

  Hospitality

  $404,160

  Educational

  $336,256

  Medical

  $347,821

  Retail

  $523,065

Location Insight

City

San Antonio

County

Bexar

State

Texas

Latitude

29.4378

Longitude

-98.514

CBSA code

41700

CBSA name

SAN ANTONIO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].