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1009 Advance St
San Marcos, TX 78666
Multifamily Property For Sale
·
6 Units
Executive Summary
Rare opportunity to own 3 cash flowing duplexes in the heart of San Marcos, TX! Current rent roll $8,330 with potential total rents $9,460. Each property features 2 very spacious 3-bedroom, 3-bathroom units, totaling six units across the portfolio with 4 of the six units having a fenced in yard. Less than one mile to Prospect Park Trailhead for Purgatory Creek Nature Area, half a mile from Crockett Elementary and conveniently located near shopping/dining/entertainment making the homes very appealing to renters who want to easily enjoy everything the neighborhood and city has to offer.
Property Facts
| Price Per Unit | $165,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.75 AC |
| Cap Rate | 6.70% | Building Size | 6,600 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1999 |
| Apartment Style | Low-Rise | Parking Ratio | 2.88/1,000 SF |
| Zoning | D - Duplex | ||
| Price Per Unit | $165,000 |
| Sale Type | Investment |
| Cap Rate | 6.70% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.75 AC |
| Building Size | 6,600 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1999 |
| Parking Ratio | 2.88/1,000 SF |
| Zoning | D - Duplex |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Oven
- Walk-In Closets
- Yard
- Window Coverings
Site Amenities
- 24 Hour Access
- Renters Insurance Program
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3 | 6 | $1,490 | 1,100 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $858,626 | |
| Land Assessment | $103,120 | Total Assessment | $961,746 |
Property Taxes
Parcel Numbers
Land Assessment
$103,120
Improvements Assessment
$858,626
Total Assessment
$961,746
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