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748 Martindale Rd

San Marcos, TX 78666
  • $2,300,000
  • STATUS: Active
  • ID#: 7503663
Price Reduced
UPDATED: 35 min ago
$2,300,000
  • 0
    BEDS
  • 1.5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 15,392
    SQFT
  • $149
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1976
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

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).

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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: 2021-10-27T18:01:18.58.
www.jennifersummers.net/homes/120711949
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748 Martindale Rd San Marcos, TX 78666

  • Price: $2,300,000
  • Status: Active
  • Updated: 35 min ago
  • ID#: 7503663
0
Beds
0
Baths
0
½ Baths
1.5
Acres
15,392
SQFT
$149
$/SQFT
1976
Built
Neighborhood:
Pecan Cove Apartments
County:
Caldwell
Area:
San Marcos
Elementary School:
Crockett
Middle School:
Goodnight
High School:
San Marcos
School District:
San Marcos ISD
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).
Exterior Features

Attached Garage YN No Construction Materials Brick VeneerVinyl Siding Covered Spaces 0 Direction Faces North Exterior Features Balcony Fencing None Foundation Details Slab Garage Spaces 0 Garage YN No Levels Two Lot Features Trees-Large (Over 40 Ft) Other Structures None Parking Features Off Street Patio And Porch Features CoveredDeck Roof Composition View None Waterfront YN No

Interior Features

Appliances CooktopDishwasherElectric OvenRefrigerator Cooling Central Air Fireplaces Total 0 Flooring Vinyl Heating Central Interior Features Open Floorplan Laundry Location Common Area Unit Room Type BedroomBathroomKitchenLiving Room Window Features Blinds

Property Features

Accessibility Features None Association YN No Community Features Picnic Area Estimated Taxes 3296 Horse YN Yes Listing Terms CashConventional New Construction YN No Property Condition Resale Property Sub Type Quadruplex 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: 2021-10-27T18:01:18.58.
 
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Summers & Associates
2300 Greenhill Dr., Ste 200
Round Rock TX, 78664