The Lux Riverside
$4,900,000
1605 Water Street, Kerrville, TX 78028
For Sale
Unknown Listing Type
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.
Documents:
| Title | ||
|---|---|---|
| The Lux Riverside Offering Memorandum |
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery
