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    414 Henk Ln San Marcos, TX 78666

    Sponsored
    For Sale
    $998,000

    5+ Acres, 6 Income Streams, High Potential

    Property size:
    5,238 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a 5+ acre property in San Marcos, Texas, located just off Highway 123. The property boasts a diverse mix of rental units, including a five-year-old triplex featuring three 1,050 sq ft units, each with a metal roof, slab foundation, front porch, and central air conditioning. Additionally, there's a duplex with one 3-bedroom, 2.5-bath unit and one 2-bedroom, 1-bath unit, both equipped with front porches. A mobile home with two bedrooms and two bathrooms completes the rental portfolio, generating a total of six income streams. The property is partially fenced, features a pond, and offers ample space for livestock. Mature oak trees enhance the landscape's beauty. The property is situated in a location with no restrictions, presenting significant potential for expansion and increased income generation. With a total square footage of 5,238, this multifamily property is listed at $998,000 and offers a compelling return on investment for discerning buyers seeking a portfolio addition in a desirable Texas location. The property's combination of existing income and expansion potential makes it an attractive opportunity for growth and diversification.

    Property Features for 414 Henk Ln

    General Information

    Property type
    Multifamily properties
    Square Feet
    5,238 SF

    HighLights

    • 5+ acre San Marcos, TX property, off Highway 123.
    • Six‑unit multifamily portfolio including a three‑unit triplex (1,050 sq ft units), a duplex (3/2.5 & 2/1 units), and a 2/2 mobile home.
    • 5,238 total sq ft, $998,000 asking price.
    • Partially fenced, pond, ample space for livestock.
    • No restrictions, significant expansion potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Auto Repair Shop Department Store Kitchen & Bath Bar & Pub Plumbing Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Marcos
    County
    Guadalupe
    State
    Texas
    Longitude
    -97.9315161
    Latitude
    29.7957501

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    FAQs

    What type of property is this?
    Multifamily property - 5+ Acres, 6 Income Streams, High Potential
    Where is this multifamily property located?
    The property is located at 414 Henk Ln San Marcos, TX.
    What is the asking price?
    The asking price for this property is $998,000.
    What are key features of this property?
    This property features: 5+ acre San Marcos, TX property, off Highway 123.; Six-unit multifamily portfolio including a three-unit triplex (1,050 sq ft units), a duplex (3/2.5 & 2/1 units), and a 2/2 mobile home.; 5,238 total sq ft, $998,000 asking price.
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    414 Henk Ln San Marcos, TX 78666
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    San Marcos, TX 78666
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    414 Henk Ln San Marcos, TX 78666
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