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1805 Aquarena Springs Dr
San Marcos, TX 78666
Riverside Ranch · Multifamily Property For Sale
·
268 Units
Investment Highlights
- Located just over 1 mile from Texas State University
- Convenient access to I-35
- Great tenant amenities including a shuttle bus to campus
- Rapidly growing population - 6% projected growth within 5-miles
- Strong student housing occupancy at 91.8%
- Opportunity to operate as student housing or a traditional apartment
Property Facts
| No. Units | 268 | Building Size | 177,760 SF |
| Property Type | Multifamily | Average Occupancy | 45% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1987 |
| Building Class | C | Parking Ratio | 3.38/1,000 SF |
| Lot Size | 12.24 AC | ||
| Zoning | MF-24 - B1 - Multi Family ; 4Plex | ||
| No. Units | 268 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 12.24 AC |
| Building Size | 177,760 SF |
| Average Occupancy | 45% |
| No. Stories | 2 |
| Year Built | 1987 |
| Parking Ratio | 3.38/1,000 SF |
| Zoning | MF-24 - B1 - Multi Family ; 4Plex |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer
- Ceiling Fans
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Range
- Walk-In Closets
Site Amenities
- Business Center
- Fitness Center
- Laundry Facilities
- Picnic Area
- Playground
- Tennis Court
- Tanning Salon
- Basketball Court
- Grill
- Laundry Service
- Shuttle to Train
- Volleyball Court
- Walking/Biking Trails
- Roommate Matching
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 164 | - | 450 - 600 |
| 2+2 | 104 | - | 830 |
Property Taxes
| Parcel Number | R62653 | Improvements Assessment | $15,728,440 |
| Land Assessment | $3,271,560 | Total Assessment | $19,000,000 |
Property Taxes
Parcel Number
R62653
Land Assessment
$3,271,560
Improvements Assessment
$15,728,440
Total Assessment
$19,000,000
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