Listing Courtesy of: John McCrocklin - Texias, LLC (512) 842-20
$1,200,000 Down payment assistance icon Calculate Payment

1321 Harris Hill Road San Marcos, TX 78666

Apartment Residence
Beds
Baths
10,760 Sq. Ft.
2.44 Acre Lot

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The property, 2.438 acres is improved with a total of 14 rental units: 2 duplexes, 3 manufactured homes and 7residential 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 fre...e 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 100Yr Flood Plain, only 5 have flooded. Elevation Certificates available with current survey. The property is professionally managed by Asset Management Inc. in San Marcos. Continue reading
MLS#
457220
Property Type
Apartment
Year Built
1980
Square Feet
10,760 sq. ft
Lot Size
2.44
Stories
1
Sewer
Septic

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Example seller's savings based on a total commission of 3.99% vs. a traditional 6%. It is subject to change based on agreement between seller and agent. More
Listing Courtesy of: John McCrocklin - Texias, LLC (512) 842-20
Andrea Conner License # 521381 Xome Inc. License # 9002330 AndreaD.Conner@xome.com 844-400-XOME (9663) 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067

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This content last refreshed on 1/22/2022 6:31 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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