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Hustle House Realty

info@hustlehouserealty.com +1(254) 630-4056

$ 1,800,000

Est. payment | -/mo

11,136 SqFt

Save

$ 1,800,000

Est. payment | -/mo

Save

11,136 SqFt

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 11,136 sqft

Price per Sqft $161

Subdivision Southridge Estates Ph #3

MLS Listing ID 605362

Construction Status Resale

HOA Y/N No

Year Built 2012

Lot Size 5.190 Acres

Acres 5.19

Property Sub-Type Commercial

Property Description

A Rare, Scaled Portfolio in a High-Demand Texas Market. Acquiring 12 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, 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

Heating Heat Pump, Multiple Heating Units

Cooling Heat Pump, 3+ Units

Inclusions Building(s), Land

Fireplace No

Exterior

Parking Features Attached, Garage, Parking Space(s)

Community Features None

Utilities Available Other, See Remarks

Amenities Available None

View Y/N No

View None

Roof Type Composition,Shingle

Present Use Multi-Family

Accessibility None

Building

Story 1

Entry Level One

Foundation Slab

Sewer Aerobic Septic

Level or Stories One

Construction Status Resale

Schools

School District Navarro Isd

Others

Tax ID 116092

Listed by Andrew Phillips • Andrew Phillips, Broker

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(254) 630-4056

info@hustlehouserealty.com

329 E Avenue D, Killeen, TX, 76541-5240, USA

540-566 Crest Circle DR San Marcos, TX 78666

Hustle House Realty

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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540-566 Crest Circle DR