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Multifamily

The Kincaid Hotel

104 E North St, Uvalde, TX 78801

Listing Price: $1,500,000

Cap Rate
3.50%
Number of Units
42
GRM
4.02
Occupancy
60.0%
Price/Unit
$35,714
Price/Gross SF
$60.00
Gross SF
25,000

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of the Kincaid Hotel, an historic adaptive reuse, multifamily asset in Uvalde, Texas. The property consists of 42 multifamily units and five retail spaces. Built in 1927, the asset was previously operated as a hotel hosted high-profile guests, such as presidents Ronald Reagan and Lyndon B. Johnson. The property was thoughtfully converted to apartments (while preserving the buildings historic character) in the 90s and is currently operating as such. All units are on month-to-month leases, offering operational flexibility and appealing to a diverse tenant base.

Investment Highlights

  • Historic adaptive reuse, multifamily asset in Uvalde, Texas.
  • 42 month-to-month, fully furnished apartment units, previously operated as hotel.
  • Constructed in 1927, The Kincaid Hotel is one of Uvalde's most prominent historic landmarks.

Exclusively Listed By

Multifamily

The Kincaid Hotel

Listing Price: $1,500,000

Cap Rate
3.50%
Number of Units
42
GRM
4.02
Occupancy
60.0%
Price/Unit
$35,714
Price/Gross SF
$60.00
Gross SF
25,000

Investment Highlights

  • Historic adaptive reuse, multifamily asset in Uvalde, Texas.
  • 42 month-to-month, fully furnished apartment units, previously operated as hotel.
  • Constructed in 1927, The Kincaid Hotel is one of Uvalde's most prominent historic landmarks.

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing of the Kincaid Hotel, an historic adaptive reuse, multifamily asset in Uvalde, Texas. The property consists of 42 multifamily units and five retail spaces. Built in 1927, the asset was previously operated as a hotel hosted high-profile guests, such as presidents Ronald Reagan and Lyndon B. Johnson. The property was thoughtfully converted to apartments (while preserving the buildings historic character) in the 90s and is currently operating as such. All units are on month-to-month leases, offering operational flexibility and appealing to a diverse tenant base.

Exclusively Listed By

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