Residential Income in Caldwell County
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. Estimated 5.7% cap rate. Fantastic location near intersection of Highway 80 and Highway 21. Conveniently located within a few minutes from Wal-Mart, Texas State University, San Marcos River, Interstate-35. Property offers central HVAC and on-site washer/dryers. Most units feature wood laminate flooring and remodeled kitchen/bathroom. Outside city limits. San Marcos ETJ. 5 lots totaling roughly 1.5 acres. Frontage on Martindale Road and San Marcos HIghway (Hwy 80)
W98° 6' 28''
N29° 52' 4.2''
From San Marcos Highway 80 go toward Bastrop. The
San Marcos ISD
Property listed by Land Up Realty & InvestmentsIf this is your listing and there is an inaccuracy, please email email@example.com and update on the MLS. *Based on information from the Austin Board of REALTORS®. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2018 Austin Central Texas Realty Information Services, Inc.