Growing Area in Walking Distance to Downtown | 1605 Water St
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Growing Area in Walking Distance to Downtown 1605 Water St 47 Lots d’appartement Immeuble residentiel Vente aux enchères en ligne Kerrville, TX 78028
INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- Recently renovated 47-unit multifamily asset desirably positioned along the serene Guadalupe River with ample on-site parking in Kerrville, Texas.
- Stabilized acquisition at 92% occupancy, offering a value-add investment opportunity for a new owner to discover additional revenue opportunities.
- Conveniently situated 0.5 miles from downtown, 0.6 miles from the TX 16/Sidney Baker St, and TX 173/Bandera Hwy junction and 3.5 miles to I-10.
- Significantly positioned within sought-after proximity of noteworthy amenities to accommodate the demand of the surrounding growing population.
RÉSUMÉ ANALYTIQUE
The Lux Riverside Apartments presents a meticulously renovated 47-unit multifamily property nestled along the scenic Guadalupe River in Kerrville, Texas. Originally built in 1965 and renovated in 2024, 1605 Water Street is a single-story, garden-style apartment complex featuring five buildings totaling 27,470 square feet over a spacious tree-lined 2.16-acre parcel with designated on-site surface parking. The property is positioned with 250 feet of frontage on the Guadalupe River, offering tenants and visitors serene waterfront views and the tranquil sounds of the flowing river from their covered front patio. Currently sitting at 92% leased, this asset offers a desirably stabilized investment opportunity for a new owner seeking to grow additional revenue through final lease-ups of the available suites. The multifamily units range from studio apartments to one-bedroom and two-bedroom options all providing fully equipped kitchens and an open layout.
Ideally located a half mile from Downtown Kerrville, 1605 Water Street features premier accessibility to major thoroughfares and is in excellent proximity to sought-after amenities. The property is situated two minutes from State Highway 16/Sidney Baker Street and State Highway 173/Bandera Highway interchange and eight minutes from Interstate 10. Surrounding the property within a 2-mile radius are popular retailers and eateries serving as noteworthy conveniences to cater to the demand of the growing population. Household-named businesses include H-E-B, Dollar General, McDonald’s, Dunkin’, Jersey Mike’s Subs, Whataburger, IHOP, Burger King, CVS, The Home Depot, Belk, JCPenney, and many more.
The Lux Riverside Apartments is strategically in a central location, providing easy access to notable establishments, including Kerrville State Hospital and Schreiner University. Additionally, the area offers residents seamless access to beautiful parks and reputable community services, making it an attractive destination for both living and working.
A new owner has multiple opportunities to add value to 1605 Water Street by adding covered parking, installing in-unit washer and dryer connections, and optimizing utility costs through a water conservation program. With tenants already covering all utilities and an on-site laundry facility providing added convenience, the property is primed for increased revenue and long-term appreciation.
Property tours are available by appointment only. Please contact the broker to schedule.
Ideally located a half mile from Downtown Kerrville, 1605 Water Street features premier accessibility to major thoroughfares and is in excellent proximity to sought-after amenities. The property is situated two minutes from State Highway 16/Sidney Baker Street and State Highway 173/Bandera Highway interchange and eight minutes from Interstate 10. Surrounding the property within a 2-mile radius are popular retailers and eateries serving as noteworthy conveniences to cater to the demand of the growing population. Household-named businesses include H-E-B, Dollar General, McDonald’s, Dunkin’, Jersey Mike’s Subs, Whataburger, IHOP, Burger King, CVS, The Home Depot, Belk, JCPenney, and many more.
The Lux Riverside Apartments is strategically in a central location, providing easy access to notable establishments, including Kerrville State Hospital and Schreiner University. Additionally, the area offers residents seamless access to beautiful parks and reputable community services, making it an attractive destination for both living and working.
A new owner has multiple opportunities to add value to 1605 Water Street by adding covered parking, installing in-unit washer and dryer connections, and optimizing utility costs through a water conservation program. With tenants already covering all utilities and an on-site laundry facility providing added convenience, the property is primed for increased revenue and long-term appreciation.
Property tours are available by appointment only. Please contact the broker to schedule.
DATA ROOM Cliquez ici pour accéder à
- Operating and Financials
- Purchase Agreement
- Survey
- Title and Insurance
INFORMATIONS SUR L’IMMEUBLE
| Type de vente | Investissement | Classe d’immeuble | C |
| Condition de vente | Vente aux enchères | Surface du lot | 0,87 ha |
| Type de propriété | Pleine propriété | Surface de l’immeuble | 2 552 m² |
| Nb de lots | 47 | Occupation moyenne | 92% |
| Type de bien | Immeuble residentiel | Nb d’étages | 1 |
| Sous-type de bien | Appartement | Année de construction/rénovation | 1965/2024 |
| Style d’appartement | Avec jardin |
| Type de vente | Investissement |
| Condition de vente | Vente aux enchères |
| Type de propriété | Pleine propriété |
| Nb de lots | 47 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | Avec jardin |
| Classe d’immeuble | C |
| Surface du lot | 0,87 ha |
| Surface de l’immeuble | 2 552 m² |
| Occupation moyenne | 92% |
| Nb d’étages | 1 |
| Année de construction/rénovation | 1965/2024 |
CARACTÉRISTIQUES
CARACTÉRISTIQUES DU LOT
- Ventilateurs de plafond
- Réfrigérateur
- Four
- Cuisinière
- Moquette
- Porche
- Sol en vinyle
CARACTÉRISTIQUES DU SITE
- Cour
- Laverie
- Aire de pique-nique
- Bord de l’eau
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TAXES FONCIÈRES
| Numéro de parcelle | R71735 | Évaluation des aménagements | 432 616 € |
| Évaluation du terrain | 201 571 € | Évaluation totale | 634 187 € |
TAXES FONCIÈRES
Numéro de parcelle
R71735
Évaluation du terrain
201 571 €
Évaluation des aménagements
432 616 €
Évaluation totale
634 187 €
ZONAGE
| Code de zonage | C16 (Multi Family) |
| C16 (Multi Family) |
CONSEILLER EN VENTE
CONSEILLER EN VENTE
Jaxton Hoelting, Associate
(806) 318-8799
Contact
Growing up in Tulia, Texas, Jaxton decided to stay in West Texas and attend Texas Tech University. In May of 2021, he obtained a Bachelor of Business Administration with a concentration in Business Analysis and an undergraduate certificate in Data Analytics. In May of 2022, he graduated from the Rawls College of Business with a Master of Science in Finance with a concentration in Commercial Banking. Jaxton has a passion for the Commercial Real Estate industry as he is seeking a career as a Real estate professional specializing in Multifamily apartments. His experience in Real Estate has been in the Mergers and Acquisitions industry as he was an analyst for Moriah Consulting during his time in college. Jaxton had the opportunity to develop leveraged buyout models, equity valuations, discounted cash flow analysis, and comparable company analysis to construct pro forma projections based on market characteristics to provide optimal acquisition opportunities. He is excited to be a part of The Go-Getters team and looks forward to developing relationships and maximizing other's value in the Multifamily market.
À PROPOS DE LA PLATEFORME D’ENCHÈRES
Ten-X Commercial est la première plateforme de transaction numérique complète pour l’immobilier d’entreprise. Avec plus de 26 milliards de dollars de ventes, la plateforme Ten-X permet aux brokers, aux vendeurs et aux acquéreurs de disposer d’une technologie basée sur les données et d’outils marketing complets pour augmenter la visibilité sur le marché et réduire le temps pour conclure une transaction. Ten-X obtient régulièrement des taux de négociation deux fois supérieurs à la moyenne du secteur. Ten-X accélère l’ensemble du processus des transactions en immobilier d’entreprise en permettant aux brokers et aux vendeurs d’exploiter sa plateforme numérique qui facilite l’intégration des biens, l’évaluation de la réussite des campagnes de marketing omnicanal gratuites et le suivi des meilleurs leads. Les acquéreurs sont orientés vers des biens qui correspondent précisément à leurs objectifs d’investissement, avec un accès inégalé à des analyses de marché et aux documents de Due Diligence pour les aider à acquérir des biens en ligne en toute sécurité et en toute confiance.
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CONTACT POUR LES ENCHÈRES
Jameson Kuykendall
Contact
Licence du commissaire-priseur :
Ten-X Commercial, LLC Todd Siegel RE Brkr 9004662
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VIDÉOS
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PHOTOS
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CARTE
Barême de frais de transaction
Basée sur le pourcentage du montant de l’enchère gagnante.
Montant de l’enchère gagnante
Frais de transaction
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Exemple de calcul
Montant de l’enchère gagnante
$4,000,000
Frais de transaction
$100,000 (2.5%)
Prix d’achat total
$4,100,000
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Growing Area in Walking Distance to Downtown | 1605 Water St
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Growing Area in Walking Distance to Downtown | 1605 Water St
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