Description
Turnkey Investment in Prime San Marcos Location Fully updated and income-ready, this versatile 3-bed, 3-bath condo offers a rare dual-unit layout just minutes from Texas State University, downtown San Marcos, and I-35. With two separate entrances and full kitchens, each level functions as its own rentalperfect for maximizing cash flow in a high-demand market. Upstairs: 2 bed / 2 bath Downstairs: 1 bed / 1 bath Projected Rent: $2,600+/month Cap Rate Estimate: ~8.5% at $275,000 Tenant-Paid Utilities Recent upgrades include fresh interior paint, new carpet, updated kitchen flooring, and a new roof. The fully insulated two-car garage, private deck, and in-unit laundry add even more appeal for renters. The $193/month HOA includes structural insurance and exterior maintenanceowners pay as little as $300$400/year in additional insurance. Community perks include a soccer field, playground, and mature trees for added curb appeal. Whether you're looking to expand your portfolio or lock in a strong performer with low overhead, 418 Shadowpoint delivers a rare blend of cash flow, convenience, and low-maintenance ownership.
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0BEDS
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4.66ACRES
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0BATHS
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01/2 BATHS
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1,628SQFT
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$169$/SQFT
© 2025 Central Texas MLS.
Listing courtesy of Jake O'brien of Greenbelt Realty: (979) 308-1385.
Description
Turnkey Investment in Prime San Marcos Location Fully updated and income-ready, this versatile 3-bed, 3-bath condo offers a rare dual-unit layout just minutes from Texas State University, downtown San Marcos, and I-35. With two separate entrances and full kitchens, each level functions as its own rentalperfect for maximizing cash flow in a high-demand market. Upstairs: 2 bed / 2 bath Downstairs: 1 bed / 1 bath Projected Rent: $2,600+/month Cap Rate Estimate: ~8.5% at $275,000 Tenant-Paid Utilities Recent upgrades include fresh interior paint, new carpet, updated kitchen flooring, and a new roof. The fully insulated two-car garage, private deck, and in-unit laundry add even more appeal for renters. The $193/month HOA includes structural insurance and exterior maintenanceowners pay as little as $300$400/year in additional insurance. Community perks include a soccer field, playground, and mature trees for added curb appeal. Whether you're looking to expand your portfolio or lock in a strong performer with low overhead, 418 Shadowpoint delivers a rare blend of cash flow, convenience, and low-maintenance ownership.
© 2025 Central Texas Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Prolific Realty. Data last updated: 2025-04-29T23:05:57.78.