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20115 San Marcos Highway

San Marcos, TX 78666
  • $2,500,000
  • STATUS: Active
  • MLS #: 4231200
UPDATED: 35 min ago
$2,500,000
  • 0
    BEDS
  • 1.5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1976
County:
Area:

School Ratings & Info

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. Estimated 5.7% cap rate. Fantastic location near intersection of Highway 80 and Highway 21. Conveniently located within a few minutes from Wal-Mart, Texas State University, San Marcos River, Interstate-35. Property offers central HVAC and on-site washer/dryers. Most units feature wood laminate flooring and remodeled kitchen/bathroom. Outside city limits. San Marcos ETJ. 5 lots totaling roughly 1.5 acres. Frontage on Martindale Road and San Marcos HIghway (Hwy 80).

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© 2021 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is 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. Data last updated: 2021-10-18T22:00:21.533.
www.bellcounty.realestate/homes/120672593
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20115 San Marcos Highway San Marcos, TX 78666

  • Price: $2,500,000
  • Status: Active
  • Updated: 35 min ago
  • MLS #: 4231200
0
Beds
0
Baths
0
½ Baths
1.5
Acres
1976
Built
Neighborhood:
Pecan Cove Apartments
County:
Caldwell
Area:
San Marcos
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. Estimated 5.7% cap rate. Fantastic location near intersection of Highway 80 and Highway 21. Conveniently located within a few minutes from Wal-Mart, Texas State University, San Marcos River, Interstate-35. Property offers central HVAC and on-site washer/dryers. Most units feature wood laminate flooring and remodeled kitchen/bathroom. Outside city limits. San Marcos ETJ. 5 lots totaling roughly 1.5 acres. Frontage on Martindale Road and San Marcos HIghway (Hwy 80).
Exterior Features

Attached Garage YN No Bays 0 Construction Materials Brick VeneerVinyl Siding Foundation Details Slab Garage YN No Other Structures None Parking Features Off Street Road Surface Type Pvd Waterfront YN No

Interior Features

Building Area Total 15392 Cooling Central Air Flooring Vinyl Heating Central

Property Features

Accessibility Features None Additional Parcels YN Yes Building Features Appliances Current Use CommercialMulti-FamilySee Remarks Estimated Taxes 3296 Horse YN Yes Listing Terms CashConventional New Construction YN No Property Attached YN Yes Property Condition Resale Property Sub Type Apartment Sewer Septic Tank Special Listing Conditions Standard Utilities Electricity ConnectedWater Connected Water Source Public

Property listed by Land Up Realty & Investments.


© 2021 Austin Board of REALTORS® (alternatively, from ACTRIS). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied.The information provided is 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. Data last updated: 2021-10-18T22:00:21.533.
 
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Brautigan Realty
11725 W. Adams, Suite D
Belton TX, 76513