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Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 1,436 sqft
Price per Sqft $180
Subdivision Sunset Acres
MLS Listing ID 524741
Sold Date 03/29/24
Construction Status Resale
HOA Y/N No
Year Built 1970
Lot Size 9,247 Sqft
Acres 0.2123
Property Description
Prime investment opportunity in a thriving San Marcos neighborhood without the constraints of an HOA, with recent updates and a price improvement.
5 bedrooms, 2.5 bathrooms, multiple entrances, and priced attractively at $191 per square foot, well below the average for mixed use property, this MU property offers versatile leasing options for investors looking to buy and hold or fix and flip, but could also be developed as currently permitted for commercial uses such as 4 story residential, retail, offices, etc. Unlike other areas in San Marcos, the zoning of this property allows for a lease agreement with multiple unrelated tenants and for Short Term Rental. Its prime location near the university and with access to I35 suggests high demand and consistent rental income with potential for substantial returns.
Owner has installed new GFCI outlets, an updated breaker box, rerouted electrical, and a new sub-panel installed in 2018, along with a brand-new roof in 2023, and foundation work completed (with a transferable lifetime warranty) in 2018.
Don't miss out on this opportunity to own a lucrative investment property in a sought-after location.
Location
State TX
County Hays
Zoning MU
Interior
Interior Features Pull Down Attic Stairs
Cooling 1 Unit
Flooring Ceramic Tile, Laminate, Vinyl
Fireplace No
Exterior
Garage Parking Space(s)
Community Features None
Utilities Available Electricity Available, Trash Collection Public
Amenities Available None
Waterfront No
View Y/N No
Water Access Desc Public
View None
Accessibility None
Parking Type Parking Space(s)
Building
Story 1
Entry Level One
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories One
Construction Status Resale
Schools
School District San Marcos Cisd
Others
Tax ID R44373
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Bought with NON-MEMBER AGENT • Non Member Office
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Heather Witte
Broker Associate | License ID: 550616
Broker Associate License ID: 550616