1623 Aquarena Springs Dr | San Marcos, TX 78666
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1623 Aquarena Springs Dr
San Marcos, TX 78666
El Monty Apartments · Multifamily Property For Sale
·
70 Units
INVESTMENT HIGHLIGHTS
- Attractive Loan Assumption – 3.40% Freddie Mac Loan. 30-year amortization and matures in May 2029. Approximate loan balance = $5,040,000±
- Capital Improvements – new roof, painting, parking overlay, lighting, and signage within the last 5 years.
- Area Attractions – San Marcos River is a popular destination, as is the Historic Downtown Square and the Premium / Tanger Factory Outlet Mall.
- Balanced Demographics and Unit Mix – Less than 2 miles from Texas State University (4th largest in Texas) as demand driver with less than 50% students
- Construction Style – Two-Story Garden Style Walkup built in 1983. Central Courtyard with a pool, grilling area and picnic table.
- Major Employers – The property is surrounded by abundant retail, grocery stores and industrial fulfillment centers.
PROPERTY FACTS
| No. Units | 70 | Lot Size | 2.49 AC |
| Property Type | Multifamily | Building Size | 45,390 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1983/2020 |
| Building Class | C | Parking Ratio | 2.88/1,000 SF |
| Zoning | MF-24 | ||
| No. Units | 70 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.49 AC |
| Building Size | 45,390 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1983/2020 |
| Parking Ratio | 2.88/1,000 SF |
| Zoning | MF-24 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Heating
- Ceiling Fans
- Vaulted Ceiling
- Refrigerator
- Oven
- Range
- Walk-In Closets
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Picnic Area
- Pool
- Tenant Controlled HVAC
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 40 | - | 450 |
| 2+2 | 30 | - | 850 |
PROPERTY TAXES
| Parcel Number | R38199 | Improvements Assessment | $4,414,460 |
| Land Assessment | $665,540 | Total Assessment | $5,080,000 |
PROPERTY TAXES
Parcel Number
R38199
Land Assessment
$665,540
Improvements Assessment
$4,414,460
Total Assessment
$5,080,000
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