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$3,500,000

140 S Fredericksburg St, San Marcos, TX, 78666

On MarketInfo
Beds Beds
Baths Bath
Baths11,124 Sq Ft
price_per_sqft$314.64 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
Garage AvailableGarage Available
CoolingCooling
FlooringVinyl

Exterior

Lot Size13,088 sqft

Building Information

Year Built2019
Stories1
Roof Type105
Garage Spaces15

Land Information

APNR41580
Lot Number2
SubdivisionS7500 - Original Town Of San Marcos
Land UseResidential
Legal DescriptionORIGINAL TOWN OF SAN MARCOS, BLOCK 16, LOT 2 (AND BUSINESS PERSONAL PROPERTY) TAX CODES:SSM,WEU,WUS,TSM5
Census Tract010100
Assessed Land Value$326,200
Assessed Improvement Value$1,506,409
Assessment Year2025

About this property

Nestled in the heart of the vibrant San Marcos community, this multifamily rental property presents an exceptional opportunity for seasoned investors and newcomers alike. With its prime location, modern amenities, attractive features and year built of 2020, "R Squared" offers the perfect blend of comfort, convenience, and investment potential. Each unit is thoughtfully designed to provide residents with a comfortable and contemporary living experience. From spacious floor plans to stainless kitchen appliances and stylish finishes, tenants will feel right at home in these inviting spaces. Situated in the San Marcos downtown area, this property enjoys proximity to major attractions, educational institutions such as Texas State University, bustling shopping centers, and recreational hotspots. Whether you're targeting young professionals, students, or families, the diverse range of unit sizes caters to various tenant preferences, ensuring high occupancy rates and steady cash flow.

Investor Tools

$1,260,097Estimated Mortgage Balance
$572,512Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$21,000 /month
Positive
Cash Flow Estimate:
$7,000 /month

Interested in this property?

Michael Nolen

Monica & Company Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$3,920/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$37,873
$1,832,609
2025
$326,200
$1,506,409
$1,832,609
No

Tax History

Year
Tax Paid
Assessed Value
2025
$37,873
$1,832,609

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Lockhart National Bank
Building Or Construction Loan
$1,497,883
No
First
Nov 2, 2018
Nov 2019

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,260,097
$572,512
31%
69%
$8,981/mo

City: San Marcos

140 S Fredericksburg St | Property Details | No Agent List