Address
3115 and Memorial Blvd Kerrville, TX
Price
$ 1,150,000
Property Attributes
  • MLS#105323
  • TypeMulti-Family
  • CountyKERR
  • CityKerrville
  • Area24-Hwy 27 East
  • Zip78028
  • StyleMulti-Family
  • Price$ 1,150,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1.06 Acres
Listing Provided Courtesy Of:
Gary E. Cochrane Company
Data Source:
Kerrville MLS (KVMLS)
Property Description

Great investment opportunity on the growing eastside of Kerrville. Property is 1.06+/- acres with approximately 210 feet of Highway 27 frontage. There are a total of 7 rental units made up of two duplex's, two single family units and a travel trailer. Estimated cap rate on investment is currently around 6.5 % and once the rents have been adjusted to market prices it will be even higher. Property is in good condition and has been maintained well. Most tenants on a month to month basis. Rent roll and property condition statements are available upon request to qualified buyers. This property can be bought in conjunction with an additional 0.73+/- acres that adjoins on the west side. The property is zoned C-3 which allows for wide range of commercial uses. Both properties are just down the street from where the new What A Burger restaurant is being built. Some of the units have carports attached.

Elementary School
Kerrville Elementary School
Price History
11/22/2021 Listed $1,150,000

General Features

Appliances Range-Electric, Refrigerator
Cooling Central
Elementary School Kerrville
Exterior Features Fenced Yard
Fireplaces No Fireplace(s)
Heating Central
Interior Features Smoke Detector

Exterior Features

Latitude 30.0163886990519
Longitude -99.1200294135654
Foundation Pier & Beam, Slab

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 78028

Price
AVG $590K
$1.15M
Visits
AVG 15
5
Walkscore
AVG 36
18
Data Provided by Walkscore ® not using MLS data

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