Listing Courtesy of: David Mosrie - Texas Ally Real Estate Group
$2,000,000 Down payment assistance icon Calculate Payment

755 River Road San Marcos, TX 78666

Apartment Residence
Beds
Baths
13,200 Sq. Ft.
2.5 Acre Lot

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Rare existing income + development potential opportunity in rapidly growing San Marcos. 12 rental units with value add potential on a 2.5 acre parcel with desirable MF-24 zoning. Per zoning, up to 60 units total possible. All units are 3br / 3ba with ample covered parking, ideally configured for stu...dent / roommate rentals and in close proximity to Texas State University. Previous owner was focused on a large multi-family development project and allowed leases to go month-to-month, falling to 50% occupancy, at well below market rents, did not realize the full income potential of the property. Frontage on two city streets, all utilities on site, only a small portion of the property currently built on. Solid income property under proper management, in addition to any future development potential, numerous investment strategies and exits possible. In the heart of booming central Hays Co - fastest growing county in the country (2010-2020 census data) right along the I-35 corridor. Continue reading
MLS#
454959
Property Type
Apartment
Year Built
2001
Square Feet
13,200 sq. ft
Lot Size
2.5
Stories
2
Sewer
Public Sewer

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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: David Mosrie - Texas Ally Real Estate Group
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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