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.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
