417 Parker DR # 0, San Marcos TX 78666

Prime investment opportunity in a thriving San Marcos neighborhood without the constraints of an HOA, with recent price improvement, 5 bedrooms, 2.5 bathrooms, and multiple entrances, this home offers versatile living arrangements ideal for families of all sizes. Whether it's accommodating multi-generational living or providing a comfortable space for your college-bound child, this property suits various residential needs.

Priced attractively at $191 per square foot, well below the average for mixed use property, this MU home offers versatile leasing options for investors looking to buy and hold or fix and flip, but could also be developed as currently permitted for commercial uses such as 4 story residential, retail, offices, etc. Unlike other areas in San Marcos, the zoning of this property allows for a lease agreement with multiple unrelated tenants, for Short Term Rental, and for Accessory Dwelling Unit. Its prime location near the university and with access to I35 suggests high demand and consistent rental income with potential for substantial returns.

Benefiting from recent electrical upgrades, such as new GFCI outlets, an updated breaker box, rerouted electrical, and a new sub-panel installed in 2018, along with a brand-new roof in 2023, and foundation work completed (with a transferrable lifetime warranty) in 2018, this home offers peace of mind, affordable family living, and income potential.

Don't miss out on this opportunity to own this affordable family home and lucrative investment property in a sought-after location.