1605 Water St, Kerrville, TX 78028
47 Unit Apartment Building | For Sale | Kerrville, TX 78028
For Sale
Active
19 pictures
- Property Type
-
Multifamily
- Square Feet
- 27,470 SF
Listing Contacts
Logan Waller
- Property Info
Property Details
- Class
- C
- Year Built
- 1965
- Stories
- 1
- Lot Size (sq. ft)
- 94,090 SF
- Units
- 47
Highlights
- Opportunity to increase rents by an average of $157 / unit, which achieve a 17.6% premium over current in-place rents
- Irreplaceable location to the Guadalupe River, providing opportunity to operate select units as short-term rental options to further increase revenu
- Located in the rapidly growing Texas Hill Country, less than 1 hour from San Antonio and 2 hours from Austin
- Region experiencing continued job growth, due to corporate relocation and the rapidly expanding aerospace sector in the Hill County of Texas
- Kerrville offers a strong school district, with a 94% 4-year high school graduation rate (1.7 miles from subject property)
- Kerr County is a rapidly growing commercial hub and home to many manufacturers, medical facilities, and the aerospace sector
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