$350,000
Development Opportunity 1.34 Acres San Marcos, TX
Details
Property Type Multifamily, Mixed Use
Units 6
Cap Rate 5.44%
NOI $29,400
Occupancy 40%
Tenancy Multi
Class A
Buildings 5
Acreage 1.340
Zoning Mixed Use (MU) Commercial and/or Residential
Parking Spaces 7 per unit
Investment Type Redevelopment
Ground Lease No
Owner financing! Development Opportunity in PRIME location between Austin and San Antonio - 1.34 ac
Marketing description
Mixed use up to 7 commercial and/or residential units. Live/Work. Density and land use allow potential for rezoning to add additional units.
Investment highlights
Motivated Seller! Bring Offers! This 1.34 acrea commercial development opportunity includes two income-producing units; one 2/1 mobile home and one 3/1 house. Additionally the property features a large empty level lot. Redevelopment upside - current zoning allows up to 7 units commercial and/or residential, and city is open to rezoning to up to 24 units. Strong location for future growth between Austin and San Antonio - in the heart of San Marcos.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$29,400.00
$2,450.00/mo
Valuation Metrics
0
DSCR
8.4%
Cap Rate
8.4%
ROI
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