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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,436 sqft
Price per Sqft $180
Subdivision Sunset Acres
MLS Listing ID 4686637
Sold Date 03/29/24
Bedrooms 5
Full Baths 2
Half Baths 1
Originating Board actris
Year Built 1970
Tax Year 2023
Lot Size 9,234 Sqft
Lot Dimensions 80X250
Property Description
Prime investment opportunity in a thriving San Marcos neighborhood without the constraints of an HOA, with recent price improvement, 5 bedrooms, 2.5 bathrooms, and multiple entrances, this home offers versatile living arrangements ideal for families of all sizes. Whether it's accommodating multi-generational living or providing a comfortable space for your college-bound child, this property suits various residential needs.
Priced attractively at $191 per square foot, well below the average for mixed use property, this MU home 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, for Short Term Rental, and for Accessory Dwelling Unit. Its prime location near the university and with access to I35 suggests high demand and consistent rental income with potential for substantial returns.
Benefiting from recent electrical upgrades, such as 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 transferrable lifetime warranty) in 2018, this home offers peace of mind, affordable family living, and income potential.
Don't miss out on this opportunity to own this affordable family home and lucrative investment property in a sought-after location.
Location
State TX
County Hays
Rooms
Main Level Bedrooms 5
Interior
Interior Features Two Primary Suties, Eat-in Kitchen, Primary Bedroom on Main
Heating Central
Cooling Central Air
Flooring Tile, Vinyl
Fireplaces Type None
Fireplace Y
Appliance Dishwasher, Oven
Exterior
Exterior Feature None
Fence Wire, Wood
Pool None
Community Features Park, Playground
Utilities Available Electricity Available, Natural Gas Available
Waterfront No
Waterfront Description None
View None
Roof Type Composition,See Remarks
Accessibility None
Porch Porch
Parking Type Outside
Total Parking Spaces 3
Private Pool No
Building
Lot Description Back Yard, Level, Trees-Large (Over 40 Ft), Trees-Small (Under 20 Ft)
Faces West
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Wood Siding
New Construction No
Schools
Elementary Schools Mendez
Middle Schools Goodnight
High Schools San Marcos
School District San Marcos Isd
Others
Restrictions Zoning,See Remarks
Ownership Fee-Simple
Acceptable Financing Cash, Conventional
Tax Rate 1.9
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Bought with Keller Williams - Lake Travis
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Heather Witte
Broker Associate | License ID: 550616
Broker Associate License ID: 550616