Multifamily
Kerrville Portfolio
516 Brian Dr, Kerrville, TX 78028
Listing Price: $13,500,000
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of the Kerrville Portfolio, a 168-unit multifamily portfolio comprising four established apartment communities in Kerrville, Texas. This rare portfolio opportunity consists of Northridge Village, Park Hill, Park Lane, and Summit, each property constructed between 1974 and 1977, offering immediate cash flow with substantial value-add potential through strategic renovations and organic rent growth. The portfolio benefits from Kerrville's position as the economic hub of the Texas Hill Country, located just 60 miles northwest of San Antonio along the Interstate 10 corridor.
Kerrville Portfolio
Investment Highlights
- Four-Property Portfolio with Consistent 98%+ Occupancy Each Property has Maintained 98-100% Occupancy with Waiting Lists at Multiple Locations
- Strong 7.0% Cap Rate on Trailing Three-Month Actuals Attractive Current Yield with Clear Upside Through Proven Rent Growth Potential
- Strategic Texas Hill Country Location Commercial and Healthcare Hub Serving Seven-County Region 60 Miles Northwest of San Antonio
Exclusively Listed By
Listing Price: $13,500,000
Investment Highlights
- Four-Property Portfolio with Consistent 98%+ Occupancy Each Property has Maintained 98-100% Occupancy with Waiting Lists at Multiple Locations
- Strong 7.0% Cap Rate on Trailing Three-Month Actuals Attractive Current Yield with Clear Upside Through Proven Rent Growth Potential
- Strategic Texas Hill Country Location Commercial and Healthcare Hub Serving Seven-County Region 60 Miles Northwest of San Antonio
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of the Kerrville Portfolio, a 168-unit multifamily portfolio comprising four established apartment communities in Kerrville, Texas. This rare portfolio opportunity consists of Northridge Village, Park Hill, Park Lane, and Summit, each property constructed between 1974 and 1977, offering immediate cash flow with substantial value-add potential through strategic renovations and organic rent growth. The portfolio benefits from Kerrville's position as the economic hub of the Texas Hill Country, located just 60 miles northwest of San Antonio along the Interstate 10 corridor.
Exclusively Listed By
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