KING STREET (Seguin)

Description & Expense Summary

King Street – Seguin, Texas
Total Duplex Units: 87

Price $379,900
Suggested Rent  $1550
Taxes  2.3431%
HOA Fees  $795
Leasing Fee  75%
Management Fee  8%
Utilities All paid by tenant

Investment Information

  1. Warranty Group
  2. Our Preferred Property Management Company is available and vetted but not required
  3. Our Preferred Mortgage Companies are available and vetted but not required
  4. MATHOM LTD. Pays the Owner’s Title Policy and Survey (in effect a discount)

Home Owners Association Responsibilities

  1. Keep quality of subdivision at a high level
  2. Maintains front yard and yard outside fence lines
  3. Xeriscape front yards
  4. All underground utilities for a clean look

Plat Map

Availability

Status Block Lot Address Plan
1 - Available 1 2 1104/1106 Stanley Way 4093
1 - Available 1 3 1108/1110 Stanley Way 4093
1 - Available 1 4 1112/1114 Stanley Way 4093
1 - Available 1 5 1116/1118 Stanley Way 4093

ADDITIONAL DETAILS FOR KINGS STREET

King Street Duplexes is located in Seguin, Texas is located off N. King Street. This rental community is accessed from major arterials E. Kingsbury (aka Hwy 90) immediately to the south and approximately a half mile to the east is Hwy 123. Access to Interstate I-10 is via Hwy 123 approximately 1 mile from the intersection of E. Kingsbury and Hwy 123. New retail and HEB are located approximately one mile south along Hwy 123 from the intersection of E. Kingsbury and Hwy 123.

King Street duplexes comprises of 87 duplex lots (60’x135’). The final plat for Phase I is scheduled to recorded in August 2019. The final plat for Phase II is scheduled to be recorded late September 2019.

Seguin is a bedroom community which as seen strong population growth. Seguin has increased 34.45% since 2000. Today, the city’s population is on the rise with projections set at 40K by 2030 and 50K by 2040. Currently, there are over 5,000 single family lots in the platting or development stage. Seguin is currently under served with new residential inventory and rental product. In 2018, there were 496 home sales with median price of $199,250. Through April of 2019, there have been 125 new home sales with median price of $225,000. Currently there is a 2.9 month of supply. Rental rates are averaging $0.96 to $1.20 psf. As of April 2019, apartment occupancy was 93%. Current median household income in Seguin is $66,000. As of April 2019, the unemployment rate is 2.6%. Major employers include Tyson Foods, Caterpillar Manufacturing, Niagora Bottling, Guadalupe Regional Medical, and Texas Lutheran University. The City’s largest park is Max Starcke Park, totaling 227-acres along the scenic Guadalupe River. The park offers a 18-hole golf course carved out of a riverside pecan grove, wave pool, natural fishing area, paddling trail, disc golf course, walking trail (0.8 miles), tennis, basketball and volleyball courts. For children, there is a Kids Kingdom Playscape and the Little League baseball-softball complex.