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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
Year Built 1976
Tax Year 2021
Lot Size 1.500 Acres
Property Sub-Type Quadruplex
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
Heating Central
Cooling Central Air
Flooring Vinyl
Exterior
Exterior Feature Balcony
Fence None
Community Features Picnic Area
Utilities Available Electricity Connected, Water Connected
View None
Roof Type Composition
Building
Lot Description Trees-Large (Over 40 Ft)
Foundation Slab
Sewer Septic Tank
Water Public
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
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Pets Allowed All
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