$1,200,000

1321 Harris Hill Road

San Marcos TX, 78666

Description

The property, 2.438 acres is improved with a total of 14 rental units: 2 duplexes, 3 manufactured homes and 7residential 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 100Yr Flood Plain, only 5 have flooded. Elevation Certificates available with current survey. The property is professionally managed in San Marcos.

Details

MLS#457220
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1980
Days On Site226
Listing Provided ByTexias, LLC | John McCrocklin

Features

SQ Feet10,760
Story(s)1
Units1
Acreage2.44

Market Activity 78666

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Four Rivers Association of Realtors/ Central Texas MLS
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Area Information
StateTX
CountyHays
CitySan Marcos
Zip Code78666
School DistrictSan Marcos Cisd
Listing VS Median (in 78666)
Price:
$1,200,000
low | high
Med:
$358,953
100% of Average
SqFt:
10,760
low | high
Med:
1,409
100% of Average
$ / SqFt:
$112
low | high
Med:
$255
78.43235628105% of Average
On Site:
226
low | high
Med:
94
100% of Average
Sourced by Back At You
Listing Updated: June 7, 2022 4:59:09 PM PDT