20105 San Marcos Hwy San Marcos, TX 78666

Property Details for 20105 San Marcos Hwy

Year built

1975

Lot size

1.51 lot acres

Property size

15,392 SF

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.

Location Insight

City

San Marcos

County

Caldwell

State

Texas

Longitude

-97.892

Latitude

29.8677