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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 15,392 sqft
Price per Sqft $145
Subdivision Pecan Cove Apartments
MLS Listing ID 7503663
Sold Date 02/04/22
HOA Y/N No
Year Built 1976
Tax Year 2021
Lot Size 1.500 Acres
Acres 1.5
Property Sub-Type Quadruplex
Source actris
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).
Location
State TX
County Caldwell
Area Cc
Interior
Interior Features Open Floorplan
Heating Central
Cooling Central Air
Flooring Vinyl
Fireplace Y
Appliance Cooktop, Dishwasher, Electric Oven, Refrigerator
Exterior
Exterior Feature Balcony
Fence None
Community Features Picnic Area
Utilities Available Electricity Connected, Water Connected
View None
Roof Type Composition
Accessibility None
Porch Covered, Deck
Total Parking Spaces 10
Building
Lot Description Trees-Large (Over 40 Ft)
Faces North
Foundation Slab
Sewer Septic Tank
Water Public
Level or Stories Two
Structure Type Brick Veneer,Vinyl Siding
New Construction No
Schools
Elementary Schools Crockett
Middle Schools Goodnight
High Schools San Marcos
School District San Marcos Isd
Others
Pets Allowed All
Restrictions None
Acceptable Financing Cash, Conventional
Tax Rate 1.977
Listing Terms Cash, Conventional
Special Listing Condition Standard
Pets Allowed All
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Beata Burgeson
Broker Associate | License ID: 513236
Broker Associate License ID: 513236