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$277,000

NAL Estimated Property Value

823-825 W Martin Luther King DR, San Marcos, TX, 78666

Off MarketInfo
Beds— Beds
Baths— Bath
Baths1,390 Sq Ft
price_per_sqft$251.8 / sqft

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
AppliancesDryer, Dishwasher, Electric Range, Refrigerator, Washer

Building Information

Stories1

Land Information

APNR27327
SubdivisionFarm Lot
Land UseResidential, 5 Acres Or Less
Legal DescriptionFARM LOT, GEO#33360074 TAX CODES:SSM,WEU,WUS
Census Tract010100
Assessed Land Value$54,950
Assessed Improvement Value$192,730
Assessment Year2025

About this property

Incredible opportunity to own a unique investment property blocks away from downtown San Marcos! Public Zoning on this lot provides incredible multi-use potential! e.g. short-term rental, Bed & Breakfast, coffee & taco spot, and more! Immediate neighbor to beautiful Dunbar Park. Two separately metered houses on one lot - #825 is approximately 600 sqft, 1 bedroom & 1 full bath, and move-in ready with appliances. #823 is approximately 750 sqft and was recently remodeled including adding a bedroom and full bath - upgraded from a 2/1 to 3 bedrooms and 2 full bathrooms! Other big updates include a brand new kitchen, foundation work, new luxury vinyl flooring, all new plumbing, updated bathrooms, new windows & doors, new privacy fence for defined yard space, and more! Laundry hook-ups are available inside both units. Income or business opportunity with convenient access to Downtown San Marcos, Texas State, Wonder World, river access, and more - schedule a tour today!

Investor Tools

Property Icon
$277,000
Estimated Property Value
$234,991Estimated Mortgage Balance
$42,009Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,100 /month
Positive
Cash Flow Estimate:
$700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$528/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,953
$247,680
2025
$54,950
$192,730
$247,680
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,953
$247,680

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Kind Lending Llc
Conventional
$243,750
No
First
Apr 12, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$234,991
$42,009
15%
85%
$1,462/mo

City: San Marcos

823-825 W Martin Luther King DR | Property Details | No Agent List