Property Details

Prime investment opportunity in a thriving San Marcos neighborhood without the constraints of an HOA, with recent updates and a price improvement. 5 bedrooms, 2.5 bathrooms, multiple entrances, and priced attractively at $191 per square foot, well below the average for mixed use property, this MU property offers versatile leasing options for investors looking to buy and hold or fix and flip, but could also be developed as currently permitted for commercial uses such as 4 story residential, retail, offices, etc. Unlike other areas in San Marcos, the zoning of this property allows for a lease agreement with multiple unrelated tenants and for Short Term Rental. Its prime location near the university and with access to I35 suggests high demand and consistent rental income with potential for substantial returns. Owner has installed new GFCI outlets, an updated breaker box, rerouted electrical, and a new sub-panel installed in 2018, along with a brand-new roof in 2023, and foundation work completed (with a transferable lifetime warranty) in 2018. Don't miss out on this opportunity to own a lucrative investment property in a sought-after location.