Views
Address
Not Disclosed San Marcos, TX
Price
$ 1,200,000
Property Attributes
  • MLS#8230377
  • TypeCommercial
  • CountyHAYS
  • CitySan Marcos
  • AreaHS
  • Zip78666
  • StyleMultiFamily
  • Year Built1980
  • Taxes$ 9708
  • Price$ 1,200,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage10760
  • Lot Size2.44 Acres
Listing Provided Courtesy Of:
Texias LLC
Data Source:
Austin Board of REALTORS® (ABOR) - 105 - TX
Property Description

The property, 2.438 acres is improved with a total of 14 rental units: 2 duplexes, 3 manufactured homes and 7 residential structures. There is also a barn for storage or rental Current income for 11/2020 thru 10/2021 was $127,940.25 with expenses of $28,049 for an NOI of $99,440.89. The owner owns free and clear and is self insured. Allocating $11,000 for insurance estimated annual cap rate is approximately 7.37%. There are six water meters and some water is submetered. Permits are available for 12 OSSF systems. 7 of the properties are located in the FEMA 100 Yr Flood Plain, only 5 have flooded. Elevation Certificates available with current survey. The property is professionally managed by Asset Management Inc. in San Marcos.

Price History
11/18/2021 Listed $1,200,000

General Features

Accessibility None
Additional Parcels Description R135764, R111298, R111299, R111295, R111296, R111294, R111293, R111297, R111301, R111302, R111303
City San Marcos
Construction Materials Frame, MetalSiding, VinylSiding
County Hays
Current Use Residential
Directions Take IH 35 South, Exit Yarrington Road south of Kyle, turn left (E) on Yarrington, right on Harris Hill Rd past Amazon Fulfillment center, property about a mile down Harris Hill Rd on right, no sign.
Disclosures Other, SeeRemarks
Flooring Carpet, SeeRemarks, Vinyl
Heating SeeRemarks
Leasable Area 10760.0
Lease Type SeeRemarks
MLS Area HS
Net Operating Income 99440.0
New Construction No
Operatingexpense 28049.0
Possession ClosingFunding
Property Sub Type Additional MultiFamily
Property SubType MultiFamily
Property Type CommercialSale
PropertyCondition SeeRemarks
Restrictions NoRestrictions
Sewer SharedSeptic
Special Listing Conditions Standard
Standard Status Active
Status Active
Street Name Harris Hill
Subdivision Name none
Tax Year 2021
TaxAssessedValue 519150
Terms Cash, Conventional
Utilities AboveGroundUtilities, ElectricityConnected, SeeRemarks, WaterConnected
View None
Year Built 1980
Yearbuiltsource PublicRecords
Zoning None, unrestricted in Cit
Zoning Description None, unrestricted in City ETJ

Interior Features

Street Suffix Road

Exterior Features

Building Area Total 10760.0
Foundation Details PillarPostPier, Raised
Horse Y/N Yes
Lot Size Acres 2.44
Lot Size Area 2.44
Lot Size Source Survey
Number of Buildings 12
Other Equipment None
Parking Features None
Road Surface Type Caliche, Paved
View Y/N No
Water Source Public
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 78666

Price
AVG $1.27M
$1.2M
Taxes
AVG $11,782
$9,708
Visits
AVG 66
4
Year Built
AVG 1994
1980
Walkscore
AVG 30
4
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.