Park Hill — Sale in Kerrville, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Kerrville, TX 78028

Investment Figures

Cap rate
5.80%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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. 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

Market Context

This multifamily in Kerrville, TX is listed for sale. It is offered at an approximate 5.8% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Kerrville, TX — view the full market.

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