USATXSan MarcosSouthridge Estates Ph #3540-566 Crest Circle Drive
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$1,800,000

20 hours ago

540-566 Crest Circle Drive, San Marcos, TX

0 Bed

0 Bath

11136 sqft

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MLS® 4692656

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Residential Income
Size 11136 sqft
Garage Yes
HOA Fees 
Taxes $34,322
Days Active 0
Approx. Age 2012
Avg. Price Per Sqft $161
MLS® Number 4692656

Property Address: 540-566 Crest Circle Drive, San Marcos, TX, 78666

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number4692656
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageYes
Approx. Age2012
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 24, 2026List Date
$1,800,000List Price
  • Commute

Commute

Starting Address
Destination Address
540-566 Crest Circle Drive, San Marcos, TX

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