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RE/MAX Kerrville
1835 Sidney Baker
Kerrville TX 78028
830-895-7771 Office
888-651-7771 Toll-Free
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Listing Details
MLS Number: 105323
List Price: $1,150,000
Property Type: Other Multi-Family
Street #: 3115 and
Address: Memorial Blvd
City: Kerrville
State: TX
Zip Code: 78028
Subdivision: None
Elementary School-Buyer to Verify: Kerrville
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City Limits: Yes
County: Kerr
Apx Acreage: 1.06
Lot Size: 215 x 216
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HOA: No
Total # Units: 5
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Style: Cottage
# Stories: One
Construction/Exterior: Vinyl Siding, Wood Siding
Roof: Composition
Foundation: Pier & Beam, Slab
Floors: Carpet, Simulated Wood, Vinyl
Heat: Central
Air Conditioning: Central
Water: Public
Water Heater: Available
Other Utilities: Cable Available, Electricity Connected, Garbage Service-Public
Fireplace: No Fireplace(s)
Appliances: Range-Electric, Refrigerator
Rooms/Buildings: None
Laundry: W/D Connection
Interior Features: Smoke Detector
Exterior Features: Fenced Yard
Garage/Carport: Other-See Remarks
Water Features/Location: None
Topo/Land Desc: Level
Access: City Street
Listing Office: Gary E. Cochrane Company (#:1104)
Listing Agent: Gary Cochrane (#:577)
Remarks: 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.
Additional Remarks:  
IDX
Listing Office Name: Gary E. Cochrane Company
Buyer should independently verify taxes, accounts, acreage amount, minerals, zoning restrictions, easements, schools, square footage, room sizes and any other information as deemed necessary.