Description
Income producing quadraplex near Texas State University in San Marcos! All units are 1 bedroom/1 bath. 100% occupied with leases through July 23, 2026. Total Rents a month is $3685. Great shape–well maintained and managed by the owner. All new water heaters in 2024. All HVAC systems replaced in 2021. Roof replaced in 2024. Bathrooms updated and remodeled in 2023. All units are identical with the exact floorplan, same paint color and same flooring. All have wood-like flooring with no carpet. NO HOA. Tenants pay all utilities On the Texas State bus route. Easy access to IH-35. This property has low operating overhead the owner only pays taxes, insurance and lawn maintenance. Also the property has efficient 31% expense ratio with stabilized occupancy.
- Principal and Interest
- Property Tax
- HOA fee
