Current Use by Public Records
- Pecan Cove Apts / Hotel & Motel / Bed & Breakfast
- Pecan Cove Apartments / Apartment Complex
Property Details for 20105 San Marcos Hwy
- Year built
- 1975
- Lot size
- 1.51 lot acres
- Property type
- Apartment buildings
Description
This exceptional 20-unit apartment complex presents a compelling value-add opportunity in the thriving San Marcos, Texas market. The property comprises five buildings, a mix of one and two stories, totaling 15,392 square feet of net rentable space. Each unit averages 765 square feet, with a configuration of primarily two-bedroom, one-bathroom units, along with a few one-bedroom, one-bathroom units and a laundry facility featuring updated PayRange machines (installed 2022). Situated on a 1.51-acre lot, the property boasts significant road frontage: 182 feet on San Marcos Highway (approx. 17,000 vehicles daily) and 258 feet on Old Martindale Road (approx. 220 vehicles daily). Recent capital improvements include a new septic system (2023), extensive unit renovations over the past three years (including full paint and HVAC replacements), and new lighting (2022). The property benefits from its proximity to IH-35 (2 miles), the San Marcos River, major shopping centers (Tanger and Prime Outlets), and Texas State University, a significant employer in the area. The complex offers 44 parking spaces. This property is ideally positioned to capitalize on the robust growth of the Austin-Round Rock MSA, one of the fastest-growing metropolitan areas in the nation. The strong local economy, driven by major employers like Texas State University, Hays CISD, and Amazon, creates a high demand for rental housing. This presents a unique opportunity for an investor seeking a value-add project with significant upside potential in a dynamic market.
Value Estimations
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AI approach
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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
- Caldwell
- State
- Texas
- Longitude
- -97.892
- Latitude
- 29.8677
