Property Details
- Price
- Subject To Offer
- Number of Units
- 47
- Building Size
- 27,470 SF
- Property Type
- Multifamily
- Total Lot Size
- 88,765 SF
- Year Built
- 1965
Description
The Go-Getters Multifamily team is thrilled to present the Lux Riverside Apartments, an exceptional 47-unit complex offering a prime value-add investment opportunity in the heart of Kerrville. Built in 1965, this property features waterfront views and a tranquil atmosphere. The Lux Riverside Apartments include a mix of 1-bedroom/1-bathroom units and studios, averaging 584 square feet. This property also features access to well-appointed amenities, including a landscaped courtyard, convenient laundry facilities, and a designated picnic area.
Highlights
- Average Cash on Cash Return of 8.6% - Year 1.
- Less than 2 miles from top employers in Kerrville.
- Strong Additional Revenue Streams.
Map
Brokers
Greg Brownd
CCIM
The Go-Getters Multifamily with KW Commercial
Jaxton Hoelting
Associate
The Go-Getters Multifamily with KW Commercial
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 | Execute Buildout CA Updated 6 months ago |
 | Rent Roll |
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