$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 Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1980 |
| Days On Site | 226 |
| Listing Provided By | Texias, LLC | John McCrocklin |
Features
| SQ Feet | 10,760 |
|---|---|
| Story(s) | 1 |
| Units | 1 |
| Acreage | 2.44 |
Market Activity 78666
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| Area Information | |
|---|---|
| State | TX |
| County | Hays |
| City | San Marcos |
| Zip Code | 78666 |
| School District | San Marcos Cisd |
| Listing VS Median (in 78666) | |
Price: $1,200,000 low | high Med: $358,953 SqFt: 10,760 low | high Med: 1,409 $ / SqFt: $112 low | high Med: $255 On Site: 226 low | high Med: 94 Sourced by Back At You | |
Listing Updated: June 7, 2022 4:59:09 PM PDT