540 Crest Circle Dr - Residential LAND FOR SALE


San Marcos, TX 78666 226,076 SF
$1,800,000 USD
830-237-5356
540 Crest Circle Dr, San Marcos, TX for Sale
$1,800,000 USD
Residential LAND - FOR SALE
1/21
226,076 SF

540 Crest Circle Dr
San Marcos, TX 78666


HIGHLIGHTS

  • I-35 Corridor
  • Strong Leasing Performance
  • Portfolio - Bulk sale

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/ACRE

$346,821/AC

PRICE/SF

$8 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

-

LAND ACRES

5.19 AC

LAND SF

226,076 SF

OFFSITE IMPROVEMENTS

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Andrew PhillipsSRE CommercialMore Info
830-237-5356

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Andrew PhillipsSRE CommercialMore Info
830-237-5356

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.