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Jeannette Spinelli

Broker Associate & Founder | Spinelli Residential Group | KW - Austin Portfolio Real Estate

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540-566 Crest Circle Dr , San Marcos, TX 78666
$1,800,000
Est. Payment: $9,282.45/mo
0 Bed
0 Bath
11136 Sqft
Status: active | Days on site: 4
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Agent profile image
Jeannette Spinelli
Broker Associate & Founder

House 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.

Highlights

Listed by Andrew Phillips , (830) 237-5356 Andrew Phillips, Broker , (830) 237-5356. Central Texas MLS

Property Type

Commercial Sale

Lot/Acreage
5.19

Year Built

2012

County

Guadalupe

Neighborhood

Southridge Estates Ph #3

School District

Navarro ISD

Listing ID

605362

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Heat Pump,3+ Units
Fireplaces:

Exterior Features

Roof:Composition,Shingle
Others:Resale
Sewer:Aerobic Septic
Parking Features:Attached,Garage,Parking Space(s)
Principal Interest
$9,282
Taxes
$1,148

Home Price

$1,800,000

Loan Details

30 yrs
6.69%

Down Payment

20%
$360,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$9,282.45

Principal

Taxes

Principal Taxes HOA Total
Monthly $9,282.45 $1,147.50 $0.00 $10,429.95
Yearly $111,389.44 $13,770.00 $0.00 $125,159.44
Total $3,341,683.10 $413,100.00 $0.00 $3,754,783.10

Today's Rates

30 Year

6.69%

20 Year

6.71%

15 Year

6.05%

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Market insight data is pulled from the same city as the listing being viewed (San Marcos, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Central Texas MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-07-25T03:05:37.000Z

© 2026 Central Texas MLS