Highlights
Built in the 1980’s- 2 of 3 Buildings have new roofs as of July 2013
- 75% of the units have had interior improvements
- All units pay their own utilities (including electric and water) & garbage
- Townhome Style Units and Condo Style units
- Rent Upside & Other Resale Potential
Description
Do Not Bother Tenants!!! Sale Must Be Private (Do Not Disclose to Tenants). Great Apartment Complex with Extensive Remodeling and New Roof on 2-3 Buildings. 16 Units are Townhome Style with Market Rent Potential Above $725, 8 Units are Condo Style with Market Rent Potential Above $650. Currently, 24 Units are rented, but Complex is usually at full occupancy upon stabilization of renovations. Great Location in Residential Neighborhood near Schools and more. Provide NDA for Financials by email to Amber@FirstTexanRealty.com
Hwy 27 west to Coronado turn right, go to West Lane. Turn left and go to corner of West Lane and Crest Ridge Drive.
| Description | No. Units | Avg. Mo. Rent | |
|---|---|---|---|
| Townhouse Units | 16 | $650 | |
| Condo Units | 8 | $600 |
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Address:
1903 West Lane
Kerrville, Texas, 78028 - Primary Use (Commercial): Multifamily
- Price: $1,350,000
- Building Size: 24,512
- Building Size Units: SF
- Lot Size: .9743
- Lot Size Units: Acres
