540-566 Crest Circle DR, San Marcos, TX 78666
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540-566 Crest Circle DR, San Marcos, TX 78666
540-566 Crest Circle DR, San Marcos, TX 78666
540-566 Crest Circle DR, San Marcos, TX 78666
540-566 Crest Circle DR, San Marcos, TX 78666
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540-566 Crest Circle DR San Marcos, TX 78666

11,136 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type See Remarks

Listing Status Active

Purchase Type For Sale

Square Footage 11,136 sqft

Price per Sqft $161

Subdivision Southridge Estates Ph #3

MLS Listing ID 4692656

HOA Y/N No

Year Built 2012

Annual Tax Amount $34,322

Tax Year 2025

Lot Size 5.190 Acres

Acres 5.19

Property Sub-Type See Remarks

Source actris

Property Description

A Rare, Scaled Portfolio in a High-Demand Texas Market. Acquiring 12 units in a single transaction is exceedingly rare in Central Texas, delivering immediate scale, operational efficiency, and a diversified income stream from Day 1. All units share the same 2BR/2BA configuration, simplifying management, unit turns, and capital planning. San Marcos sits at the nexus of the I-35 corridor between Austin and San Antonio, home to 4 million+ residents and growing. Hays County has ranked among the fastest-growing counties in the nation for over a decade. Texas State University (38,000+ enrollment) anchors consistent renter demand, while proximity to Austin's tech economy and San Antonio's healthcare and military sectors add further depth. Proven Income, Four Consecutive Years of Growth Gross rental income has grown every year since 2022, from $151,541 to a projected $161,511 in 2025 (2.1% CAGR). Current rents remain $187 to $287/unit below market comparables of $1,350 to $1,450, representing meaningful upside captured organically as leases renew. $150,000 Per Door, Below Replacement Cost New construction in San Marcos routinely exceeds $200,000 per door. The buyer acquires stabilized, income-producing assets with existing tenants and management infrastructure. No construction risk, no lease-up period, no development timeline. Built in 2012 with a strong remaining useful life on all major systems. Twelve contiguous units across three adjacent parcels create exceptional leverage: one property manager, consolidated vendors, portfolio insurance, and unified accounting, all improving net cash flow versus scattered single-family rentals.

Location

State TX

County Guadalupe

Interior

Fireplace No

Appliance See Remarks

Exterior

Garage Spaces 12.0

Fence Back Yard

Community Features None

Utilities Available See Remarks

Waterfront Description None

View Neighborhood, Rural

Porch None

Private Pool No

Building

Lot Description Level, Subdivided

Sewer Aerobic Septic

Structure Type Brick,HardiPlank Type

New Construction No

Schools

Elementary Schools Navarro

Middle Schools Navarro

High Schools Navarro

School District Navarro Isd

Others

Pets Allowed Negotiable

Special Listing Condition Standard

Pets Allowed Negotiable

Listed by Andrew Phillips, Broker
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Broker | License ID: 9009739

+1(214) 560-0422

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540-566 Crest Circle DR