NOT LISTED FOR SALE

748 Martindale Rd San Marcos, TX 78666

-- Bed
-- Bath
15,392 Sq Ft
1.5 Acres

Last Sold February 04, 2022

91 Days on Market

Highlights

  • Horses Allowed On Property
  • Mature Trees
  • No HOA
  • Open Floorplan
  • Deck
  • Covered Patio or Porch

About This Home

As of February 2022

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).

Last Agent to Sell the Property

Kaylee Crain

Land Unlimited License #0700093 Listed on: 08/21/2021

Last Buyer's Agent

Non Member

Non Member License #785011

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 1.5 Acre Lot
  • North Facing Home
  • Mature Trees

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 15,392 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Blinds
  • Living Room
  • Vinyl Flooring

Kitchen

  • Electric Oven
  • Cooktop
  • Dishwasher

Home Security

  • Security Lights
  • Fire and Smoke Detector

Parking

  • 10 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Deck
  • Covered Patio or Porch

Schools

  • Crockett Elementary School
  • Goodnight Middle School
  • San Marcos High School

Horse Facilities and Amenities

  • Horses Allowed On Property

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 28345
  • 2% Total Tax Rate

Community Details

Overview

  • No Home Owners Association
  • Pecan Cove Apartments Subdivision

Amenities

  • Picnic Area
  • Laundry Facilities

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Restrictions: None
  • Unit Mix: 1/1, 2/1
  • Year Built: 1976
  • Direction Faces: North
  • Directions: From San Marcos Highway 80 go toward Bastrop. The first two fourplexes are off San Marcos Highway on the right side. Address is 20115 San Marcos Highway. To access the back 3 fourplexes, take a right at the light and turn left on Martindale Road. Address is 748 Martindale Road.
  • Disclosures: None
  • Estimated Taxes: 3296.00
  • ETJ Extra Territorial Jurdn: Yes
  • FEMA Flood Plain: Yes-100 yr
  • Fencing: None
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Home Sale Contingency: No
  • Intermediary: Yes
  • Levels: Two
  • Living Area: 15392.00
  • Other Equipment: None
  • Other Structures: None
  • Special Listing Conditions: Standard
  • Special Features: None

Interior Features

  • Interior Amenities: Open Floorplan
  • Laundry Location: Common Area
  • View: None
  • Flooring: Vinyl
  • Accessibility Features: None
  • Appliances: Cooktop, Dishwasher, Electric Oven, Refrigerator
  • Property Condition: Resale
  • Security Features: Security Lights, Smoke Detector(s)
  • Window Features: Blinds

Exterior Features

  • Exterior Features: Balcony
  • Roof: Composition
  • Foundation: Slab
  • Patio And Porch Features: Covered, Deck
  • Waterfront: No

Garage/Parking

  • Parking Features: Off Street
  • Total Parking Spaces: 10.00

Utilities

  • Sewer: Septic Tank
  • Utilities: Electricity Connected, Water Connected
  • Heating: Central
  • Meter Description: Allocation Billing
  • Water Source: Public
  • Cooling: Central Air

Association/Amenities

  • Association: No
  • Community Features: Picnic Area

Schools

  • School District: San Marcos ISD
  • School District: San Marcos ISD
  • Elementary School: Crockett
  • Middle School: Goodnight
  • High School: San Marcos
  • Elementary School: Crockett
  • High School: San Marcos
  • Middle/Junior School: Goodnight

Lot Info

  • Lot Features: Trees-Large (Over 40 Ft)
  • Parcel Number: 28345
  • Lot Size Acres: 1.5000
  • Lot Size Sq Ft: 65340.00
  • Subdivision Name: PECAN COVE APARTMENTS

Rental Info

  • Total Actual Rent: 3430.00
  • Pets Allowed: All

Building Info

  • Construction Materials: Brick Veneer, Vinyl Siding
  • New Construction: No

Tax Info

  • Tax Lot: 1
  • Tax Rate: 1.97700000000000
  • Tax Year: 2021
  • Tax Exemptions: None

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2022 02/04/22 Sold -- -- --
11/20/2021 11/20/21 Pending -- -- --
10/21/2021 10/21/21 Price Changed $2,300,000 -8.0% $149 / Sq Ft
08/21/2021 08/21/21 For Sale $2,500,000 -- $162 / Sq Ft
Source: Unlock MLS (Austin Board of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kaylee Crain

    Seller's Agent in 2022

    Kaylee Crain

    Land Unlimited

    (512) 470-4237

    221 Total Sales

    Kaylee Crain
    Section Image

  • N

    Buyer's Agent in 2022

    Non Member

    Non Member

See All Agents

Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 7503663

Unlock MLS (Austin Board of REALTORS®)
Texas Caldwell County San Marcos 78666

748 Martindale Rd, San Marcos, TX

This home is located at 748 Martindale Rd, San Marcos, TX 78666 since 21 August 2021. This property was built in 1976. 748 Martindale Rd is a home located in Caldwell County with nearby schools including DeZavala Elementary School, Goodnight Middle School, and San Marcos High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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