20105 San Marcos HwySan Marcos, TX 78666

For Sale
Call for price

20-unit value-add multifamily investment

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 20-unit apartment complex presents a compelling value-add opportunity in the thriving San Marcos, Texas market. The property comprises five buildings, a mix of one and two stories, totaling 15,392 square feet of net rentable space. Each unit averages 765 square feet, with a configuration of primarily two-bedroom, one-bathroom units, along with a few one-bedroom, one-bathroom units and a laundry facility featuring updated PayRange machines (installed 2022). Situated on a 1.51-acre lot, the property boasts significant road frontage: 182 feet on San Marcos Highway (approx. 17,000 vehicles daily) and 258 feet on Old Martindale Road (approx. 220 vehicles daily). Recent capital improvements include a new septic system (2023), extensive unit renovations over the past three years (including full paint and HVAC replacements), and new lighting (2022). The property benefits from its proximity to IH-35 (2 miles), the San Marcos River, major shopping centers (Tanger and Prime Outlets), and Texas State University, a significant employer in the area. The complex offers 44 parking spaces. This property is ideally positioned to capitalize on the robust growth of the Austin-Round Rock MSA, one of the fastest-growing metropolitan areas in the nation. The strong local economy, driven by major employers like Texas State University, Hays CISD, and Amazon, creates a high demand for rental housing. This presents a unique opportunity for an investor seeking a value-add project with significant upside potential in a dynamic market.

Highlights

  • Five buildings totaling 20 units, one to two stories each.
  • 15,420 square feet gross building area, 15,290 square feet rentable area.
  • Built in 1976, average condition.
  • Average unit size: 765 square feet.
  • 1.51 acres (65,776 square feet) lot size.
  • 440 feet of total road frontage (182' on San Marcos Highway, 258' on Martindale Road).

Property Details for 20105 San Marcos Hwy

Property type
Multifamily properties, Apartment buildings
Square Feet
15,392 SF
Class
D
Year Built
1975
Buildings
5
Stories
2
Lot Size (sq. ft)
65,776 SF
Units
20

Location Insight

City
San Marcos
County
Caldwell
State
Texas
Latitude
29.8677104
Longitude
-97.891966
20105 San Marcos Hwy, San Marcos, Texas

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20105 San Marcos Hwy
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