$1,200,000
1321 Harris Hill Road, San Marcos, TX
2.44
Acres
The property, 2.438 acres is improved with a total of 14 rental units: 2 duplexes, 3 manufactured homes and 7 residential structures. There is also a barn for storage or rental Current income for 11/2020 thru 10/2021 was $127,940.25 with expenses of $28,049 for an NOI of $99,440.89. The owner owns free and clear and is self insured. Allocating $11,000 for insurance estimated annual cap rate is approximately 7.37%. There are six water meters and some water is submetered. Permits are available for 12 OSSF systems. 7 of the properties are located in the FEMA 100 Yr Flood Plain, only 5 have flooded. Elevation Certificates available with current survey. The property is professionally managed in San Marcos.
Facts & Features
| ListingFeed | abor_vow |
|---|---|
| MLS® # | 8230377 |
| List Price | $1,200,000 |
| Sale Price | $1,065,000 |
| Sale Date | June 17th, 2022 |
| Bathrooms | 0.00 |
| Acres | 2.44 |
| Year Built | 1980 |
| Type | Commercial Sale |
| Sub-Type | Multi Family |
| Status | Closed |
Community Information
| Address | 1321 Harris Hill Road |
|---|---|
| Subdivision | none |
| City | San Marcos |
| County | Hays |
| State | TX |
| Zip Code | 78666 |
Amenities
| Utilities | Above Ground Utilities, Electricity Connected, See Remarks, Water Connected |
|---|---|
| Parking | None |
| View | None |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Carpet, See Remarks, Vinyl |
|---|---|
| Heating | See Remarks |
| Cooling | See Remarks |
| Fireplace | No |
Exterior
| Construction | Frame, Metal Siding, Vinyl Siding |
|---|---|
| Foundation | Pillar/Post/Pier, Raised |
Additional Information
| Zoning | None, unrestricted in Cit |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |