For sale
$1,800,000
540-566 Crest Circle Dr
San Marcos, TX 78666
- 0 beds
- 0 baths
- 11,136 sq ft
- 5.19 acres
Listing courtesy of Andrew Phillips, Broker · (830) 237-5356 · MLS# 4692656 · Status: Active
About this home
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.
Description provided by the listing brokerage.
Facts
- Property type
- Residential Income · See Remarks
- Year built
- 2012
- Lot size
- 5.19 acres
- Living area
- 11,136 sq ft
- Price per sq ft
- $162
- Garage
- 12 spaces
- Annual taxes
- $34,322
- County
- Guadalupe
- Neighborhood
- Southridge Estates Ph #3
- School district
- Navarro ISD
- Schools
- Navarro · Navarro · Navarro
Features
- View
- Neighborhood, Rural
- Sewer
- Aerobic Septic
- Fencing
- Back Yard
- Utilities
- See Remarks
- Appliances
- See Remarks
- Lot
- Level, Subdivided
- Pets
- Negotiable
- Parking
- See Remarks
- Community
- None
- Waterfront
- None
- Construction
- Brick, HardiPlank Type
- Patio & porch
- None
Location
Listings courtesy of Unlock MLS as distributed by MLS GRID.
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