20115 san marcos Highway

san marcos, TX 78666

20115 san marcos Highway

san marcos, TX 78666

$2300000

1 month, 18 days, 10 hours, 27 minutes on market
StatusActive
Year Built---
CountyCaldwell
Flooring
Lot Size0.3
Parking
Total Stories
Cooling
School District san marcos cisd
Schools
FireplaceNone
Property Type apartment

Property Details

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).




Courtesy of Land Up Realty & Investments

This real estate information comes in part from the Internet Data Exchange/Broker Reciprocity Program. Information is deemed reliable but is not guaranteed.
© 2017 San Antonio Board of Realtors. All rights reserved.


,,