2906-2908 Hunt St - Apartments FOR SALE


Kerrville, TX 78028
$1,100,000 USD
210-213-6886
2906-2908 Hunt St, Kerrville, TX for Sale
$1,100,000 USD
Apartments - FOR SALE
1/42
null | 8.98% Cap Rate

2906-2908 Hunt St
Kerrville, TX 78028


HIGHLIGHTS

  • 21-unit multifamily investment opportunity
  • Zoned R-3 (multifamily)
  • NOI: $98,800 (2025)
  • 9,300± rentable square feet
  • 0.96± acres across four buildings
  • 6 studio units (300 SF each) and 15 one-bedroom / one-bath units (500 SF each)

OVERVIEW

Boehm Commercial Group is pleased to bring to market 2822–2908 Hunt St, a 21-unit multifamily investment opportunity in Kerrville, Texas. This asset offers consistent income, strong occupancy history, and clear value-add potential. The property spans four buildings across 0.96± acres and includes approximately 9,300± rentable square feet. Additionally, the unit mix features six studio units and fifteen one-bedroom, one-bathroom units, providing flexibility for a broad tenant base. Importantly, over 60% of the units have been renovated. As a result, investors can continue upgrades to increase rental income and overall asset value. Meanwhile, the remaining units create a clear path for operational upside. The property has historically maintained occupancy above 90%, which supports reliable cash flow. Furthermore, the NOI of $98,800 positions this asset as a strong income-producing investment. From a location standpoint, the property sits just three miles from Schreiner University and only nine minutes from Interstate 10. Consequently, tenants benefit from convenient access to employment, education, and retail amenities, which helps support long-term occupancy. In addition, the property includes on-site laundry facilities, city water and sewer service, and R-3 zoning for multifamily use. While originally built in 1950, the property has seen ongoing improvements that enhance its performance. Overall, this offering presents a strategic opportunity for investors seeking a stabilized asset with continued upside in the growing Kerrville market.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$118 USD /SF

# OF UNITS

21

PRICE/UNIT

$52,381

CAP RATE

8.98%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hunt Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

R3

APN/PARCEL ID

R33786

ASK ABOUT THIS PROPERTY

Glen BoehmBoehm Commercial GroupMore Info
210-213-6886

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Glen BoehmBoehm Commercial GroupMore Info
210-213-6886

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.