Martindale/Maxwell

Rare turn key cash flow investment opportunity! Pecan Cove Apartments totalling 20 units currently at 100% occupancy. Unit mix of (19) 2 bed 1 bath and (1) 1 bed 1 bath. Currently averaging $850/unit and $17K gross monthly income with upside in the rents. Tenants pay utilities except trash. Estimated 6.2% cap rate. Fantastic location 2 miles from I-35 near intersection of Highway 80 and Highway 21. Close to Wal-Mart, Texas State University, and San Marcos River. Property offers central HVAC and on-site washer/dryers. Most units have been remodeled and feature wood laminate flooring. Outside city limits. San Marcos ETJ. OPPORTUNITY ZONE! 5 lots totaling roughly 1.5 acres. Frontage on Martindale Road and San Marcos Highway (Hwy 80).

A 10 acre tract of land conveniently located off of State Highway 21 is immediately ready for your next development. The property’s location outside of city limits make it an ideal candidate for a wide variety of uses including warehouse, contractors yard, self storage facility, RV park, or a mixed use development. The property features 5 buildings with 5 currently occupied units totaling $3,500 in monthly rental income. Units A&B are a combined commercial space that was previously rented to a church. Two of the buildings (units F & I) are in need of renovation. The property is in close proximity to several large-scale single family home developments, the San Marcos Regional Airport, Texas State University, the San Marcos River, and the ever growing I-35 corridor. Also benefiting this property is the incoming FM 110 Loop around San Marcos which will provide new transportation avenues and additional commercial growth to the area.