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41170-41340 FM 3159
Canyon Lake, TX 78133
Hill Country Multifamily Portfolio · Multifamily Property For Sale
·
39 Units
PROPERTY FACTS
| No. Units | 39 | Lot Size | 11.01 AC |
| Property Type | Multifamily | Building Size | 15,792 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 2008 |
| Building Class | C | Parking Ratio | 2.46/1,000 SF |
| No. Units | 39 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 11.01 AC |
| Building Size | 15,792 SF |
| No. Stories | 1 |
| Year Built | 2008 |
| Parking Ratio | 2.46/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Fireplace
- Microwave
- Vaulted Ceiling
- Refrigerator
- Range
- Yard
- Wheelchair Accessible (Rooms)
ABOUT 41170-41340 FM 3159 , CANYON LAKE, TX 78133
Marcus & Millichap is pleased to exclusively offer the Texas Multifamily Lodge Portfolio, a unique asset consisting of a total of 59-units and 24 self-storage units within the San Antonio MSA, the second fastest-growing metropolitan area in the state of Texas. All properties were built for low-maintenance with quality construction between 2009 and 2015. These well-maintained multifamily assets offer a new owner a historically strong income stream with current occupancy on all properties at 100% and historical occupancy averaging 97-98%. The properties' ideal locations and unique features offer a qualified investor the opportunity for long-term stability and value appreciation in growing metropolitan areas outside of San Antonio. A new owner has multiple opportunities to add value. The owner has just begun billing utilities back to the tenants as leases turn, and he is using almost half of the storage units for personal items. There is also plenty of space to add additional units, the need for which has been proven by the consistently-high occupancy. The year one cash-on-cash return is projected at 11.91 percent and exceeds 15 percent cash-on-cash return from year two on. 1. CREEKSIDE VILLAS I & II 41340 FM 3159 Canyon Lake, TX 78133 39 Units 2. STOCKDALE LODGES 403 Free Timber Lane Stockdale, TX 78160 12 Units 3. CLIFFSIDE AT CYPRESS COVE 1014 Cypress Cove Road Spring Branch, TX 78070 8 Units
PROPERTY TAXES
| Parcel Number | 25-0220-0004-00 | Improvements Assessment | $1,982,344 |
| Land Assessment | $644,560 | Total Assessment | $2,626,904 |
PROPERTY TAXES
