107 Fenway Loop
San Marcos, TX
Details
STATUS:Sold
YEAR BUILT:
TYPE:quadruplex
PARKING:
TOTAL STORIES:
MLS:212766
COUNTY:Hays
PRICE PER SQFT$0
PROPERTY DESCRIPTION
With traditional 30-year mortgage rates hovering around 4%, direct multi-family real estate ownership is a much better alternative for investors seeking investment income yield, with current cap rates in San Marcos now averaging around 6-7%. Based upon trailing 12-month financials (ending Feb 2015), the cap rate of this property is 6.7%-7.5%. Fenway Loop is an oasis of relative tranquility compared to some of the surrounding streets. The dead-end nature of Fenway Loop decreases thru-traffic (except for the Texas State Shuttle) so that the residents can enjoy a more peaceful living experience.
HIGH SCHOOL
MIDDLE SCHOOL
GRADE SCHOOL
Location
Direction: Old Ranch Rd 12 (80) to Craddock Ave to Fenway Loop
Courtesy of Mission Real Estate Group
This real estate information comes in part from the Internet Data Exchange/Broker Reciprocity Program .
Information is deemed reliable but is not guaranteed.
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