Approximately one mile southeast of downtown. Mostly level land - rear of the property slopes down to the river. 200' on the beautiful GUADALUPE RIVER. Tall Cypress trees along the water's edge.
Closest City:
Kerrville
Access:
Paved city street.
Utilities:
All city utilities available.
Improvements:
Eight residential rental units as follows:
Free standing home 2-1 brings $400/month. Tenant pays utilities.
Five-plex brings $82.50 each unit weekly. Landlord pays utilities.
Two-story apartment (one up & one down) brings $92.50 each unit weekly. Landlord pays utilities.
Monthly income is approximately $2790.
Monthly expenses (electricity, water, gas, garbage) is approximately $1000.
Buildings are in poor condition, but stay 100% rented with several long term tenants.
Property Frontage:
200 feet Water St. frontage.
Taxes:
TAXES: $3384
Financing/Terms:
Cash to seller or owner financing possible.
Acceptable Use:
Excellent potential near downtown Kerrville. Immediate income. Growth area of town. Only half the property is being utilized - the other half is vacant for further development.
Price:
$397,000
Property Presented By:
Kerr Land Co. Barry McCollom - Agent Office: 830-896-2587 Home: 830-895-2587 Cell: 830-739-2587 P. O. Box 2087 Kerrville, Texas, 78029
