2906-2908 Hunt St - Apartments FOR SALE


Kerrville, TX 78028
$1,300,000 USD
214-692-1100
2906-2908 Hunt St, Kerrville, TX for Sale
$1,300,000 USD
Apartments - FOR SALE
1/9
null | 7.9% Cap Rate

2906-2908 Hunt St
Kerrville, TX 78028


OVERVIEW

Colliers International is pleased to present Hunt Street Apartments, a 21-unit property located in Kerrville, Texas situated in the beautiful Texas Hill Country. Built in 1950, Hunt St Apartments represents a rare opportunity for investors to acquire a multifamily asse in a Tax Increment Reinvestment Zone (TIRZ) which allows for new ownership to enjoy public improvements in the immediate area. Lastly, the Hunt Street Apartments are strategically located within the submarket, having phenomenal access to Schreiner University, Peterson Regional Medical Center, and Interstate-10. Stabilized Cap rate north of 7% with further value add upside by finishing renovations on 13 remaining classic units.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$140 USD /SF

# OF UNITS

21

PRICE/UNIT

$61,905

CAP RATE

7.9%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hunt Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

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

John ParducciColliersMore Info
214-692-1100

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

John ParducciColliersMore Info
214-692-1100

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