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San Marcos Duplex Motivated Seller Near Texas State University – $340k

636 Mill St, San Marcos
ROI
16.61% IRR
Strategy
Long Term Rental
This deal is perfect for investors looking for a mix of cashflow and appreciation with the potential to run the property as a short-term, mid-term, or long-term rental and capitalize on proximity to a major university. Motivated seller willing to give $20k in closing concessions or a price drop! University rentals are finally starting to come back down in price. Located just 1.5mi from TSU (45,000 students) for exceptional tenant demand and 2 miles from the heart of downtown San Marcos. Both 2BD/1BA units updated with one side leased for $1,495 through March 31, 2026 and the other side available to lease at a similar rate. Solid appreciation corridor with consistent demand. Taxes $6,194.

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San Marcos Duplex Motivated Seller Near Texas State University – $340k

Listed 09/10/2025

636 Mill St, San Marcos

Purchase Price:$340,000

Cash Outlay:$91,800

Cashflow:$421/mo

Cap Rate:6.88%

IRR:16.61%

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