$1,000,000 | 5,760 sf | Multifamily...$1,000,000 | 5,760 sf | Multifamily 3305 Steck Ave., Suite 250...

3305 Steck Ave., Suite 250 Austin, TX 78757 TIM HOWARD | MARKETING DIRECTOR @ ASTERRA PROPERTIES | 512.909.3590

DELGADO APARTMENTS653 Delgado St, San Antonio, TX 78207

FOR SALE

12 newly constructed, walk-up apartments just minutes from DT San Antonio

$1,000,000 | 5,760 sf | Multifamily



FOR SALE

The Delgado Apartments development features twelve (12) newly constructed single family homes in a gated community just minutes from downtown San Antonio. Each of the homes features 1 bedroom and 1 bathroom with in-suite washer/dryer hookups and a full kitchen. Surface parking is provided for every unit along with central air con-ditioning and individual hot water systems / electric meters. The community sits in a rapidly changing area with easy access to major highways and public transport.

Fully leased, the community offers excellent rental returns and a cost-effective entry into ownership of small multi-family assets. New construction means low maintenance costs for ownership and low energy costs for tenants. Gated access provides an selling point for potential lessors. With zero construction required, the Delgado Apartments represent an opportunity for a cash-flow focused investor or property management firm with experience in San Antonio.

Price: $1,000,000

Property Type: Multifamily

Sub-Type: Walk Up Apartments

RBA: 5,760 SF

Units: 12

Unit Mix: 1 Bed / 1 Bath

Lot: 0.37 AC

Year Built: 2018

Parking Spaces: 12

Parking Type: Surface (Gated)

Construction: Wood Frame

Meters: Individual

Frontage: Delgado ST

Zoning: MF-33

OFFERING SUMMARY



FOR SALE

DRIVING TIMES

UTSA 6 Mins

9 MinsRiver Walk

9 MinsThe Alamo

5 MinsHEB


Modern Kitchen Design

EXTERIORS



FOR SALE

SURVEY


Modern Kitchen Design

INTERIORS



FOR SALE

RENT ROLL

UNIT SIZE STATUS DEPOSIT RENT LEASE EXP.Unit 1 470 SF Leased $450 $900 11/30/2019

Unit 2 470 SF Vacant - $900 -

Unit 3 470 SF Leased $450 $900 01/31/2020

Unit 4 470 SF Leased $450 $900 07/31/2020

Unit 5 470 SF Leased $450 $900 03/31/2020

Unit 6 470 SF Leased $450 $900 11/14/2019

Unit 7 470 SF Leased $450 $900 06/30/2020

Unit 8 470 SF Leased $450 $900 11/30/2019

Unit 9 470 SF Leased $450 $900 01/31/2020

Unit 10 470 SF Vacant - $900 -

Unit 11 470 SF Leased $450 $900 07/31/2020

Unit 12 470 SF Leased $900 $900 12/31/2019

Current Occupancy Rate: 83% | Cash flow statement available upon request



FOR SALE

TIM HOWARD

MARKETING DIRECTOR

512.909.3590

[email protected]

ASTERRA PROPERTIES3305 Steck Ave

Suite 250, Austin, TX, 78757

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$1,000,000 | 5,760 sf | Multifamily...$1,000,000 | 5,760 sf | Multifamily 3305 Steck Ave., Suite 250...

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