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1605 Water St

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Address: 1605 Water St, Kerrville, TX 78028, USA

Texas + Apartment Buildings

Created date: October 22, 2024

Date last updated: February 4, 2025

Average Cash on Cash Return of 8.6% - Year 1.
Less than 2 miles from top employers in Kerrville.
Strong Additional Revenue Streams.

Property Description

The Go-Getters Multifamily team is thrilled to present the Lux Riverside Apartments, an exceptional 47-unit complex offering a prime value-add investment opportunity in the heart of Kerrville. Built in 1965, this property features waterfront views and a tranquil atmosphere. The Lux Riverside Apartments include a mix of 1-bedroom/1-bathroom units and studios, averaging 584 square feet. This property also features access to well-appointed amenities, including a landscaped courtyard, convenient laundry facilities, and a designated picnic area.

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
No. of Units:	47
Year Built:	1965
Lot Size:	2.04 Sq ft
Opportunity Zone:	No
Property Website	Click Here