Multifamily
Park Hill
815 Ranchero Rd, Kerrville, TX 78028
Listing Price: $3,400,000
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of Park Hill, a 49-unit multifamily apartment community in Kerrville, Texas. This rare opportunity was built in 1977, offering immediate cash flow with substantial value-add potential through strategic renovations, washer and dryer additions, and organic rent growth. The property 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.
Park Hill
Investment Highlights
- 49-Unit Multifamily Property with consistent 98-100% Occupancy
- All units (except 4) have Washer and Dryer Connections. There is potential to charge a rent premium for adding washers and dyers in the units.
- One unit (would make 50 units total) is used as an office and can easily be converted to a rental unit for extra rental income
Exclusively Listed By
Listing Price: $3,400,000
Investment Highlights
- 49-Unit Multifamily Property with consistent 98-100% Occupancy
- All units (except 4) have Washer and Dryer Connections. There is potential to charge a rent premium for adding washers and dyers in the units.
- One unit (would make 50 units total) is used as an office and can easily be converted to a rental unit for extra rental income
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of Park Hill, a 49-unit multifamily apartment community in Kerrville, Texas. This rare opportunity was built in 1977, offering immediate cash flow with substantial value-add potential through strategic renovations, washer and dryer additions, and organic rent growth. The property 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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