1605 Water St | Kerrville, TX 78028
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- LoopNet Team
1605 Water St
Kerrville, TX 78028
The Lux Riverside Apartments · Multifamily Property For Sale
·
47 Units
INVESTMENT HIGHLIGHTS
- Opportunity to increase rents by an average of $157 / unit, which achieve a 17.6% premium over current in-place rents
- Located in the rapidly growing Texas Hill Country, less than 1 hour from San Antonio and 2 hours from Austin
- Kerrville offers a strong school district, with a 94% 4-year high school graduation rate (1.7 miles from subject property)
- Irreplaceable location to the Guadalupe River, providing opportunity to operate select units as short-term rental options to further increase revenu
- Region experiencing continued job growth, due to corporate relocation and the rapidly expanding aerospace sector in the Hill County of Texas
- ***CALL FOR OFFERS, DUE AUGUST 16TH***
PROPERTY FACTS
| No. Units | 47 | Lot Size | 2.16 AC |
| Property Type | Multifamily | Building Size | 27,470 SF |
| Property Subtype | Apartment | Average Occupancy | 91% |
| Apartment Style | Garden | No. Stories | 1 |
| Building Class | C | Year Built/Renovated | 1965/2024 |
| Zoning | C16 - Multi Family | ||
| No. Units | 47 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.16 AC |
| Building Size | 27,470 SF |
| Average Occupancy | 91% |
| No. Stories | 1 |
| Year Built/Renovated | 1965/2024 |
| Zoning | C16 - Multi Family |
AMENITIES
UNIT AMENITIES
- Ceiling Fans
- Refrigerator
- Oven
- Range
- Carpet
- Porch
- Vinyl Flooring
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Picnic Area
- Waterfront
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 20 | $914.00 | 550 |
| 1+1 | 27 | $1,018 | 610 |
PROPERTY TAXES
| Parcel Number | R71735 | Improvements Assessment | $545,975 |
| Land Assessment | $219,758 | Total Assessment | $765,733 |
PROPERTY TAXES
Parcel Number
R71735
Land Assessment
$219,758
Improvements Assessment
$545,975
Total Assessment
$765,733
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