653 Delgado St

    San Antonio, TX 78207
    • $1,150,000
    • STATUS: Active
    • ON SITE: 27 days
    • MLS #: 1372519
    UPDATED: 25 min ago
    $1,150,000
    • 0
      BEDS
    • 0.37
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,136
      SQFT
    • $538
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2018
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    Delgado offers an opportunity to acquire a complex of 12 newly constructed gated units with a high initial return on investment. Built in 2018 each home is finished nicely with one bed, one bath and a separate living area in 480 sqft. This cash flow opportunity is being sold at over a 7.6% cap rate and almost 9 GRM. This is a great opportunity to grab a low maintenance property to add to your portfolio at a large cap rate and the opportunity for appreciation.

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    © 2019 San Antonio Board of REALTORS® All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams City View. Last updated 2019-04-23T06:33:09.873.
    www.weigandrealestate.com/homes/93058600

    653 Delgado St San Antonio, TX 78207

    • Price: $1,150,000
    • Status: Active
    • Updated: 25 min ago
    • MLS #: 1372519
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.37
    Acres
    2,136
    SQFT
    $538
    $/SQFT
    2018
    Built
    Neighborhood:
    San Antonio
    County:
    Bexar
    Area:
    San Antonio
    School District:
    San Antonio I.S.D.
    Property Description
    Delgado offers an opportunity to acquire a complex of 12 newly constructed gated units with a high initial return on investment. Built in 2018 each home is finished nicely with one bed, one bath and a separate living area in 480 sqft. This cash flow opportunity is being sold at over a 7.6% cap rate and almost 9 GRM. This is a great opportunity to grab a low maintenance property to add to your portfolio at a large cap rate and the opportunity for appreciation.
    Exterior Features

    Construction Wood Drive In Doors 1 Foundation Slab Loading Facilities None Rail Service No Roof Composition Total Parking 12

    Interior Features

    Air Conditioning Central Apartment Sq Ft 480 Ceiling Height 8 Heating Central

    Property Features

    Amenities Controlled Access Approx Age 1 Available With Lease Yes Building Center Name Delgado City Tax 3080.27 Commercial Type Apts/Retail/Strip/Busprk County Tax 1530.73 Flood Plain None Gas And Electric 10019.52 Gross Building Area 5760 Gross Income 129600 Income Expenses Estimated Lease Only No Maintenance 2024.64 Monthly Lease 900 Net Leasable Area 5760 Net Operating Income 102889.44 Other Expense 10800 Other Tax 2580.18 Potential Short Sale No Proposed Terms Sale OnlyCashConventional1St Seller Carry2Nd Seller Carry Rentals 12 Restrictions None Sale Includes BuildingsLand Sale Rent For Sale School Tax 8621.69 Total Tax 15812.87 Utilities ElectricityWaterSewer Waste Removal 3866.4 Zoning Residential

    Listing provided courtesy of Jeffrey Geloneck of Noble Capital Real Estate, Llc.


    © 2019 San Antonio Board of REALTORS® All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams City View. Last updated 2019-04-23T06:33:09.873.
     
    Keller Williams City View
    10999 IH-10 West Suite #175
    San Antonio TX, 78230