The Lux Riverside

For Sale

1605 Water St, Kerrville, TX 78028

This Kerrville property for sale is located at 1605 Water St. Contact the listing broker for details on the current sale price for The Lux Riverside. The Lux Riverside is situated on a lot that is 2.04 acre in size.

Contacts

broker

Greg Brownd

The Go-Getters Multifamily with KW Commercial

Property Details

  • Property Type Multi-Family
  • Property Size 27,470 SF
  • Units 47
  • Lot Size 2.04 Acre
  • Additional Rent Contact for pricing
  • Year Built 1965
  • Date Updated Oct 24, 2024
1605 Water Street in Kerrville, TX, is ideally situated in a central location, providing easy access to a variety of nearby employers and amenities. Within a 3-mile radius, notable establishments include Kerrville State Hospital, Schreiner University, and H-E-B. Additionally, the area offers residents convenient access to parks, dining options, and community services, making it an attractive destination for both living and working.The Go-Getters Multifamily team is thrilled to present the Lux Riverside Apartments, an exceptional 47-unit complex offering a prime value-add investment opportunity in the heart of Kerrville. Built in 1965, this property features waterfront views and a tranquil atmosphere. The Lux Riverside Apartments include a mix of 1-bedroom/1-bathroom units and studios, averaging 584 square feet. This property also features access to well-appointed amenities, including a landscaped courtyard, convenient laundry facilities, and a designated picnic area.

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Highlights

  • Average Cash on Cash Return of 8.6% - Year 1.
  • Less than 2 miles from top employers in Kerrville.
  • Strong Additional Revenue Streams.

Getting around

  • 58/100

    Walk Score ®

  • 51/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Kerrville, TX
  • Zip Code 78028

Points of Interest

  • Valero

    0.13 miles

  • Exxon

    0.46 miles

  • Conoco

    0.47 miles

  • Shell

    0.90 miles

  • Neu Mart

    1.16 miles

  • H-E-B

    1.19 miles

  • ChargePoint

    2.48 miles

  • North Lot

    0.40 miles

  • West Lot

    0.43 miles

  • Murray Lot

    0.44 miles

  • Hanszen Lot

    0.46 miles

  • Edington Lot

    0.52 miles

  • South Lot

    0.55 miles

  • Central Lot

    0.55 miles

  • Tennis Court Lot

    0.59 miles

  • Delaney Lot

    0.60 miles

  • LA Schreiner Lot

    0.63 miles

  • Hillcrest Inn

    1.70 miles

  • Lone Star Inn

    2.07 miles

  • Flagstaff Inn

    2.11 miles

  • Motel 6

    2.12 miles

  • Inn Of The Hills

    2.21 miles

  • La Quinta Inn & Suites Kerrville

    2.22 miles

  • Quality Inn & Suites

    2.26 miles

  • Days Inn by Wyndham Kerrville

    2.29 miles

  • Y.O. Ranch Hotel

    2.33 miles

  • Hampton

    2.41 miles

  • H-E-B

    0.52 miles

  • Belk

    0.78 miles

  • River Hills Mall

    0.79 miles

  • JCPenney

    0.81 miles

  • Big Lots

    1.43 miles

  • Walmart Supercenter

    2.56 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Greg Brownd

The Go-Getters Multifamily with KW Commercial