The Lux Riverside | 1605 Water St
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The Lux Riverside 1605 Water St
48 Unit Block of Flats For Sale Kerrville, TX 78028
Executive Summary
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.
Property Facts
| Sale Type | Investment | Lot Size | 2.16 AC |
| No. Units | 48 | Building Size | 20,572 SF |
| Property Type | Residential | Average Occupancy | 92% |
| Property Subtype | Apartment | Number of Floors | 1 |
| Apartment Style | Garden | Year Built | 1965 |
| Building Class | C |
| Sale Type | Investment |
| No. Units | 48 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.16 AC |
| Building Size | 20,572 SF |
| Average Occupancy | 92% |
| Number of Floors | 1 |
| Year Built | 1965 |
Unit Amenities
- Ceiling Fans
- Refrigerator
- Oven
- Range
- Carpet
- Porch
- Vinyl Flooring
Site Amenities
- Courtyard
- Laundry Facilities
- Picnic Area
- Waterfront
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 20 | - | 550 |
| 1+1 | 28 | - | 610 |
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PROPERTY TAXES
| Parcel Number | R71735 | Improvements Assessment | £359,226 |
| Land Assessment | £175,334 | Total Assessment | £534,560 |
PROPERTY TAXES
Parcel Number
R71735
Land Assessment
£175,334
Improvements Assessment
£359,226
Total Assessment
£534,560
zoning
| Zoning Code | C16 (Multi Family) |
| C16 (Multi Family) |
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The Lux Riverside | 1605 Water St
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