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    20115 San Marcos Highway

    San Marcos, TX 78666
    • $2,500,000
    • STATUS: Active
    • ID#: 4231200
    UPDATED: 32 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: 2021-09-23T13:25:44.143.
    austin.papasanproperties.com/homes/120672593
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    20115 San Marcos Highway San Marcos, TX 78666

    • Price: $2,500,000
    • Status: Active
    • Updated: 32 min ago
    • ID#: 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: 2021-09-23T13:25:44.143.
     
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    Papasan Real Estate Team @ Keller Williams Realty
    1801 S. Mopac Expwy, Ste 100
    Austin TX, 78746