1348 Thorpe Ln | San Marcos, TX 78666
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- LoopNet Team
1348 Thorpe Ln
San Marcos, TX 78666
Summit · Multifamily Property For Sale · 112 Units
Investment Highlights
- Being Sold on Assumption of the Existing Loan
- 1.5 Miles from TSU's main campus
- LURA in place which governs all 112 units
- Amenity rich location and is within walking distance of Texas State University's athletic complex
- Possible upside with interior upgrades and modernization
- San Marcos has a shortage of affordable housing
PROPERTY FACTS
| No. Units | 112 | Building Size | 76,728 SF |
| Property Type | Multifamily | Average Occupancy | 86% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 1985 |
| Building Class | C | Parking Ratio | 1.23/1,000 SF |
| Lot Size | 4.01 AC |
| No. Units | 112 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.01 AC |
| Building Size | 76,728 SF |
| Average Occupancy | 86% |
| No. Stories | 3 |
| Year Built | 1985 |
| Parking Ratio | 1.23/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Fireplace
- Storage Space
- Washer/Dryer Hookup
- Ceiling Fans
- High Speed Internet Access
- Refrigerator
- Walk-In Closets
Site Amenities
- Business Center
- Controlled Access
- Clubhouse
- Fitness Center
- Picnic Area
- Pool
- Grill
- Pet Play Area
- Volleyball Court
- Pet Washing Station
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 24 | $795.00 | 481 |
| 1+1 | 48 | $873.00 | 575 - 658 |
| 2+2 | 40 | $1,003 | 883 - 917 |
PROPERTY TAXES
| Parcel Number | R43973 | Improvements Assessment | $8,802,581 |
| Land Assessment | $1,875,670 | Total Assessment | $10,678,251 |
PROPERTY TAXES
Parcel Number
R43973
Land Assessment
$1,875,670
Improvements Assessment
$8,802,581
Total Assessment
$10,678,251
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