TX
Guadalupe
San Marcos
78666
540-566 Crest Circle Drive
540-566 Crest Circle Drive, San Marcos, TX 78666
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Listing Type
Multi Family
Listing Status
Active
21
$1,800,000

Home Details for 540-566 Crest Circle Drive

Price
$1,800,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
11136
Year built
2012
Lot size acres
1.73
County
Guadalupe
Garage
2
Days on site
10
MLS Listing#
605135
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.

Property Features
  • House Interior
    • Other
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  • Utilities
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  • Cooling Information
    • Heat Pump
  • Heating Information
    • Heat Pump
  • Fire Place
    • None
Listing Courtesy: Andrew Phillips, Broker - 830-237-5356
Information is provided exclusively for consumers personal, non - commerical use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026, Central Texas Board of REALTORS
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EXIT HEART OF TEXAS REALTY
4003 W. Stan Schlueter Loop Rd. Suite 106, Killeen, TX 76549
Greg Ruehlen
Franchisee
Office
254 781 2012
Agent
254 394 2000
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