request_info_guest false

The Lux Riverside

$4,900,000

1605 Water Street, Kerrville, TX 78028

Active
Last Updated: 03/26/2025

27,470 sqft

Building Size

47

Units

Details:
Building Size:    27,470 sqft
Units:    47
Year Built:    1965
Floors:    1
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.





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

Map:
Documents:
Title
The Lux Riverside Offering Memorandum
View
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery