20115 San Marcos Highway, San Marcos

$2,500,000

0 Beds
0 Baths
0 Sqft
1½ Acres
0 Car Garage

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).

Essential Information
MLS® #4231200
Price$2,500,000
Bathrooms0.00
Acres1.50
Year Built1976
TypeCommercial Sale
Sub-TypeApartment
StatusActive
Community Information
Address20115 San Marcos Highway
SubdivisionPECAN COVE APARTMENTS
CitySan Marcos
CountyCaldwell
StateTX
Zip Code78666
Amenities
ParkingOff Street
Utilities

Electricity Connected, Water Connected

Interior
InteriorVinyl
HeatingCentral
Exterior
ConstructionBrick Veneer, Vinyl Siding
FoundationSlab
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Property Listed by: Land Up Realty & Investments

The information being 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.

Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from October 17th, 2021 at 8:00pm CDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. 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. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.

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