San Marcos, TX 78666,20115 San Marcos HWY

$2,300,000

Est. payment /mo
Est.Price: ?

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20115 San Marcos HWY San Marcos, TX 78666

15,392 SqFt

SOLD DATE : 02/04/2022

Key Details

Property Type Commercial

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 15,392 sqft

Price per Sqft $145

Subdivision Pecan Cove Apartments

MLS Listing ID 4231200

Sold Date 02/04/22

Originating Board actris

Year Built 1976

Tax Year 2021

Lot Size 1.500 Acres

Property Description

Rare turn key cash flow investment opportunity! Pecan Cove Apartments totalling 20 units currently at 100% occupancy. Unit mix of (19) 2 bed 1 bath and (1) 1 bed 1 bath. Currently averaging $850/unit and $17K gross monthly income with upside in the rents. Tenants pay utilities except trash. Estimated 6.2% cap rate. Fantastic location 2 miles from I-35 near intersection of Highway 80 and Highway 21. Close to Wal-Mart, Texas State University, and San Marcos River. Property offers central HVAC and on-site washer/dryers. Most units have been remodeled and feature wood laminate flooring. Outside city limits. San Marcos ETJ. OPPORTUNITY ZONE! 5 lots totaling roughly 1.5 acres. Frontage on Martindale Road and San Marcos Highway (Hwy 80).

Location

State TX

County Caldwell

Interior

Heating Central

Cooling Central Air

Flooring Vinyl

Fireplace N

Exterior

Utilities Available Electricity Connected, Water Connected

Accessibility None

Total Parking Spaces 10

Building

Foundation Slab

Sewer Septic Tank

Water Public

Structure Type Brick Veneer,Vinyl Siding

New Construction No

Others

Restrictions None

Acceptable Financing Cash, Conventional

Tax Rate 1.977

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Land Up Realty & Investments
Bought with Non Member

Andrew Corder

Agent | License ID: 0746652

+1(830) 452-1300

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