540-566 Crest Circle DR San Marcos, TX 78666
11,136 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 11,136 sqft
Price per Sqft $161
Subdivision Southridge Estates Ph #3
MLS Listing ID 605135
Style Traditional
Construction Status Resale
HOA Y/N No
Year Built 2012
Lot Size 5.190 Acres
Acres 5.19
Property Sub-Type Duplex
Property Description
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, Four Consecutive Years of Growth
Gross rental income has grown every year since 2022, from $151,541 to a projected $161,511 in 2025 (2.1% CAGR). Current rents remain $187 to $287/unit below market comparables of $1,350 to $1,450, representing meaningful upside captured organically as leases renew. $150,000 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. Twelve contiguous units across three adjacent parcels create exceptional leverage: one property manager, consolidated vendors, portfolio insurance, and unified accounting, all improving net cash flow versus scattered single-family rentals.
Location
State TX
County Guadalupe
Interior
Interior Features Other, See Remarks
Heating Heat Pump, Multiple Heating Units
Cooling Heat Pump, Item3Units
Fireplaces Type None
Fireplace No
Appliance Other, See Remarks, Water Heater
Laundry Other, See Remarks
Exterior
Garage Spaces 2.0
Garage Description 2.0
Fence Back Yard
Pool None
Utilities Available Other, See Remarks
View Y/N No
View None
Roof Type Composition,Shingle
Accessibility None
Building
Story 1
Entry Level One
Foundation Slab
Sewer Aerobic Septic
Architectural Style Traditional
Level or Stories One
Construction Status Resale
Schools
School District Navarro Isd
Others
Tax ID 116092
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
NEARBY SCHOOLS & PROPERTIES