540-566 Crest Circle Drive, San Marcos, TX 78666
- $1,800,000
- 11,136
- SqFt
- List Price
- $1,800,000
- Status
- ACTIVE
- MLS#
- 605135
- Days on Market
- 204
- Living Area
- 11,136
Property Description
A Rare, Scaled Portfolio in a High-Demand Texas Market. Acquiring 12 units in a single transaction is exceedingly rare in Central Texas, delivering immediate scale, operational efficiency, and a diversified income stream from Day 1. All units share the same 2BR/2BA configuration, simplifying management, unit turns, and capital planning. San Marcos sits at the nexus of the I-35 corridor between Austin and San Antonio, home to 4 million+ residents and growing. Hays County has ranked among the fastest-growing counties in the nation for over a decade. Texas State University (38,000+ enrollment) anchors consistent renter demand, while proximity to Austin's tech economy and San Antonio's healthcare and military sectors add further depth. Proven Income, Four Consecutive Years of Growth Gross rental income has grown every year since 2022, from $151,541 to a projected $161,511 in 2025 (2.1% CAGR). Current rents remain $187 to $287/unit below market comparables of $1,350 to $1,450, representing meaningful upside captured organically as leases renew. $150,000 Per Door, Below Replacement Cost New construction in San Marcos routinely exceeds $200,000 per door. The buyer acquires stabilized, income-producing assets with existing tenants and management infrastructure. No construction risk, no lease-up period, no development timeline. Built in 2012 with a strong remaining useful life on all major systems. Twelve contiguous units across three adjacent parcels create exceptional leverage: one property manager, consolidated vendors, portfolio insurance, and unified accounting, all improving net cash flow versus scattered single-family rentals.
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Additional Information
- Year Built
- 2012
- Garage Spaces
- 2
- Interior Features
- Other, See Remarks
- Roof
- Composition, Shingle
- Appliances
- Other, See Remarks, Water Heater
- View
- None
- School District
- Navarro ISD
- Sewer
- Aerobic Septic
- Stories
- 1
- Street Name
- Crest Circle Drive
- Street Number
- 540-566
- Neighborhood
- Southridge Estates Ph #3
- Acres
- 5.19
- County
- Guadalupe
- Foundation
- Slab
- Heating
- Heat Pump, Multiple Heating Units
Mortgage Calculator
Listing courtesy of Andrew Phillips from Andrew Phillips, Broker
Information obtained from TXSMABOR is current as of . Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.