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916 Jefferson St 6 Unit Apartment Building $959,000 ($159,833/Unit) 8% Cap Rate Kerrville, TX 78028
Investment Highlights
- Great downtown location (2 blocks from courthouse) Great long term tenants.
Executive Summary
6 UNIT APARTMENT COMPLEX DOWNTOWN KERRVILLE TX. This property consists of 3 duplex's on 3 separate parcels, allowing residential financing instead of commercial.
There are 5- 1 bedroom 1 bath units (Large 910 sf) and 1 -2 bedroom2 bath unit (1300 sf) All units have carports with storage room/laundry room. 4 of the units have yards.
All units recently remodeled and are in great condition. Historically 100% occupied with long term tenants. High up, never flooded. Seller finance may be available with large down payment. Call seller for details Bob Glasheen 830-431-1375 DRIVE BY ONLY ... DO NOT DISTURB TENSANTS.
There are 5- 1 bedroom 1 bath units (Large 910 sf) and 1 -2 bedroom2 bath unit (1300 sf) All units have carports with storage room/laundry room. 4 of the units have yards.
All units recently remodeled and are in great condition. Historically 100% occupied with long term tenants. High up, never flooded. Seller finance may be available with large down payment. Call seller for details Bob Glasheen 830-431-1375 DRIVE BY ONLY ... DO NOT DISTURB TENSANTS.
Property Facts
| Price | $959,000 | Apartment Style | Low-Rise |
| Price Per Unit | $159,833 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.50 AC |
| Cap Rate | 8% | Building Size | 5,850 SF |
| Gross Rent Multiplier | 11.77 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1973 |
| Property Subtype | Apartment | ||
| Zoning | R3 | ||
| Price | $959,000 |
| Price Per Unit | $159,833 |
| Sale Type | Investment |
| Cap Rate | 8% |
| Gross Rent Multiplier | 11.77 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 5,850 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1973 |
| Zoning | R3 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $1,095 | 910 |
| 2+2 | 1 | $1,350 | 1,300 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $278,407 | |
| Land Assessment | $24,176 | Total Assessment | $302,583 |
Property Taxes
Parcel Numbers
Land Assessment
$24,176
Improvements Assessment
$278,407
Total Assessment
$302,583
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RF Glasheen Properties
916 Jefferson St
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