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$3,500,000

Beds
Unknown
sq ft
11,124

140 S Fredericksburg St, San Marcos, TX 78666

140 S Fredericksburg St

San Marcos, TX 78666

  • 163 days on market
    • Price drop $100,000↓
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 2019, "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.

Details

Property type

Apartment

Lot size

0.30 acres

Price per sq ft

$315

Year built

2020

Annual property taxes

$42,203

HOA

No

Price History

09/17/2024
CentralTexas

CentralTexas #536952

Price change
$3,500,000
-2.78%
04/12/2024
CentralTexas

CentralTexas #536952

Price change
$3,600,000
+2.86%
04/10/2024
CentralTexas

CentralTexas #536952

Listed
$3,500,000

Schools & Community

Neighborhood: 

Dunbar

Elementary school: 

Crockett Elementary

Middle school: 

Doris Miller Middle School

High school: 

San Marcos High School

High school district: 

San Marcos Cisd

Number of units in community: 

14

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First Lockhart National Bank

Loan start date

November 2018

Original loan amount

$1,497,883

Est. remaining balance

Not provided

Interest rate

4.6%

Loan type

Building or Construction Loan, 1 year

Seller

Rudi & Rene Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/19/2024 at 11:10 PM

Listing updated: 09/16/2024 at 8:26 PM

Listed by: Michael Nolen, McNabb & Company Real Estate S Phone #: (512) 667-9129

MLS: CentralTexas #536952

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