Riverside Ranch

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Address: 1805 Aquarena Springs Dr, San Marcos, TX 78666, USA

Texas + Apartment Buildings

Created date: October 24, 2024

Date last updated: November 27, 2024

Located just over 1 mile from Texas State University
Rapidly growing population – 6% projected growth within 5-miles
Convenient access to I-35
Strong student housing occupancy at 91.8%
Great tenant amenities including a shuttle bus to campus
Opportunity to operate as student housing or a traditional apartment

Property Description

Riverside Ranch is a quasi-student housing complex located in San Marcos, Texas. The property is currently 34.41% occupied and operates on a rent by the bed model but will also rent out entire units depending on tenant preference. In total the property has 372 beds in 268 units. The unit mix includes 36 studio apartments, 128 one-bedroom units, and 104 two-bedroom units. Riverside Ranch is conveniently located 2 miles from Texas State University, which had record breaking enrollment in 2024 with over 40,000 students. A key convenience and amenity of this property is the shuttle service to and from campus which is just over a mile away. Built in 1987, constructed of brick and plank siding with pitched roofs. The property was originally constructed as a standard market-rent complex and was converted to student living. The current tenant profile is mostly non-students, but property is still rented “per bed”. The property offers ample amenities including a pool, fitness center, clubhouse, basketball court, tennis court, gazebo, and outdoor grills.

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Lot Size:	170,936.00 Sq ft
Opportunity Zone:	No
Property Website	Click Here