414 Henk Ln San Marcos, TX 78666
- Land
- 5,238 SF
Current Use by Public Records
- Land
Property Details for 414 Henk Ln
- Property size
- 5,238 SF
- Property type
- Land
- Property subtype
- Apartment buildings
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Marcos
- County
- Guadalupe
- State
- Texas
- Longitude
- -97.9315
- Latitude
- 29.7957
