Portfolio of 3 Assets - Old RR 12 Infill Project
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Marketing description
Located in San Marcos, home to Texas State University, with 39,000+ students, and a need for affordable & sustainable housing. This is a great opportunity to create community living, single family + multi family plus a mixed-use project. It is a great location for a owner occupied or rental pocket neighborhood. This property is ripe for development and within a stones throw to TXST University, on the University bus route and 1.5 miles from the San Marcos CBD. It is currently cash flowing as is with gross rental income of $143,400 annually, allowing the developer time to ease holding costs while development process begins. See attached Offering Memorandum for more information.
Investment highlights
7.85 contiguous Acres infill project
1507 + 1509 - 4.88 acres zoned Single Family 6 - 2 houses currently renting for $5,890/month
1511 - 2.97 acres zoned Multi Family 12 - 1 house current renting for $6,000/month
On TXST University bus route
485 feet of main road frontage
500 yds from TXST University
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