815 Ranchero Rd - Apartments FOR SALE


Kerrville, TX 78028
$3,650,000 USD
210-426-9376
815 Ranchero Rd, Kerrville, TX for Sale
$3,650,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

815 Ranchero Rd
Kerrville, TX 78028


HIGHLIGHTS

  • Property has Maintained High Occupancy for Trailing 24 Months
  • Immediate Upside by Adding Washer/Dryer Sets to those Units to Achieve at Least $50/Month Premiums
  • Minimal New Multifamily Development with Sub-3% Vacancy Driving 4-6% Annual Rent Growth
  • Commercial and Healthcare Hub Serving Seven-County Region 60 Miles Northwest of San Antonio

OVERVIEW

Marcus & Millichap is pleased to present the exclusive listing of Park Hill Apartments a 49-unit multifamily asset in Kerrville, Texas. The property was built in 1977 and offers immediate cash flow with substantial value-add potential through strategic renovations and organic rent growth. The asset benefits from Kerrville's position as the economic hub of the Texas Hill Country, located just 60 miles northwest of San Antonio along the Interstate 10 corridor.

FOR SALE DETAILS

PRICE

$3,650,000 USD

PRICE/SF

$105 USD /SF

# OF UNITS

49

PRICE/UNIT

$74,490

CAP RATE

Request Cap Rate

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Park Hill Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.9 AC

LAND SF

169,884 SF

ZONING

-

APN/PARCEL ID

R13951

ASK ABOUT THIS PROPERTY

Benjamin KalterMarcus & MillichapMore Info
210-426-9376

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Benjamin KalterMarcus & MillichapMore Info
210-426-9376

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