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Address Not Available By Request

San Marcos, TX 78666
  • $1,200,000
  • STATUS: Active
  • ID#: 8230377
UPDATED: 14 min ago
$1,200,000
  • 0
    BEDS
  • 2.44
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1980
County:
Area:

School Ratings & Info

Description

The property, 2.438 acres is improved with a total of 14 rental units: 2 duplexes, 3 manufactured homes and 7 residential structures. There is also a barn for storage or rental Current income for 11/2020 thru 10/2021 was $127,940.25 with expenses of $28,049 for an NOI of $99,440.89. The owner owns free and clear and is self insured. Allocating $11,000 for insurance estimated annual cap rate is approximately 7.37%. There are six water meters and some water is submetered. Permits are available for 12 OSSF systems. 7 of the properties are located in the FEMA 100 Yr Flood Plain, only 5 have flooded. Elevation Certificates available with current survey. The property is professionally managed by Asset Management Inc. in San Marcos.

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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: 2021-11-26T20:59:55.777.
austin.papasanproperties.com/homes/123383167
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Address Not Available By Request San Marcos, TX 78666

  • Price: $1,200,000
  • Status: Active
  • On Site: Days
  • Updated: 14 min ago
  • ID#: 8230377
0
Beds
0
Baths
0
½ Baths
2.44
Acres
1980
Built
Neighborhood:
None
County:
Hays
Area:
San Marcos
Property Description
The property, 2.438 acres is improved with a total of 14 rental units: 2 duplexes, 3 manufactured homes and 7 residential structures. There is also a barn for storage or rental Current income for 11/2020 thru 10/2021 was $127,940.25 with expenses of $28,049 for an NOI of $99,440.89. The owner owns free and clear and is self insured. Allocating $11,000 for insurance estimated annual cap rate is approximately 7.37%. There are six water meters and some water is submetered. Permits are available for 12 OSSF systems. 7 of the properties are located in the FEMA 100 Yr Flood Plain, only 5 have flooded. Elevation Certificates available with current survey. The property is professionally managed by Asset Management Inc. in San Marcos.
Exterior Features

Attached Garage YN No Bays 0 Construction Materials FrameMetal SidingVinyl Siding Foundation Details Pillar/Post/PierRaised Garage YN No Other Structures Storage Parking Features None Road Surface Type CalichePvd View None Waterfront YN No

Interior Features

Building Area Total 10760 Cooling See Remarks Flooring CarpetVinylSee Remarks Heating See Remarks

Property Features

Accessibility Features None Additional Parcels YN Yes Building Features See Remarks Current Use Residential Estimated Taxes 9708 Horse YN Yes Listing Terms CashConventional New Construction YN No Property Condition See Remarks Property Sub Type Multi Family Sewer Septic Shared Special Listing Conditions Standard Utilities Above GroundElectricity ConnectedWater ConnectedSee Remarks Water Source Public

Property listed by Texias Llc.


© 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: 2021-11-26T20:59:55.777.
 
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Papasan Real Estate Team @ Keller Williams Realty
1801 S. Mopac Expwy, Ste 100
Austin TX, 78746