550-566 Crest Circle Drive, San Marcos, TX 78666
- $625,000
- 3,712
- SqFt
- List Price
- $625,000
- Status
- ACTIVE
- Days on Market
- 14
- MLS#
- 623894
- Subtype
- Residential
- Style
- Traditional
- Architectural Style
- Traditional
- Year Built
- 2012
- Living Area
- 3,712
- Acres
- 1.73
- Subdivision
- Southridge Estates Ph #3
- Neighborhood
- Southridge Estates Ph #3
Property Description
A Rare, Scaled Portfolio in a High-Demand Texas Market. Acquiring 4 units in a single transaction is exceedingly rare in Central Texas, delivering immediate scale, operational efficiency, and a diversified income stream from Day 1. All units share the same 2BR/2BA configuration, simplifying management, unit turns, and capital planning. San Marcos sits at the nexus of the I-35 corridor between Austin and San Antonio, home to 4 million+ residents and growing. Hays County has ranked among the fastest-growing counties in the nation for over a decade. Texas State University (38,000+ enrollment) anchors consistent renter demand, while proximity to Austin's tech economy and San Antonio's healthcare and military sectors add further depth. Proven Income and $156,250 Per Door, Below Replacement Cost New construction in San Marcos routinely exceeds $200,000 per door. The buyer acquires stabilized, income-producing assets with existing tenants and management infrastructure. No construction risk, no lease-up period, no development timeline. Built in 2012 with a strong remaining useful life on all major systems. This is 4 units, 2 buildings. The neighboring properties are also available (540-546 and 560-566). ...
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Additional Information
- Interior Features
- Other, See Remarks
- Property Description
- Traditional
- Flooring
- Combination
- Appliances
- Other, See Remarks
- Heating
- Multiple Heating Units
- Air Conditioning
- 3+ Units
- Stories
- 1
- Levels
- One
- Roof
- Composition, Shingle
- Foundation
- Slab
- Pool Type
- None
- Garage Spaces
- 4
- School District
- Navarro ISD
- View
- None
Mortgage Calculator
Courtesy of Andrew Phillips, Broker