WATER ST. INCOME
(KERR County) |
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| PROPERTY PROFILE |
1.238 +/- Acres
(according to tax records - 1.9 acres according to plat)
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| LOCATION |
1700 block of Water St. in Kerrville. Approximately one mile southeast of downtown.
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| TERRAIN |
Mostly level land - rear of the property slopes down to the river.
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RIVER |
200' on the beautiful GUADALUPE RIVER. Tall Cypress trees along the water's edge.
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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.
TAXES: $3384
Buildings are in poor condition, but stay 100% rented with several long term tenants.
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ZONING |
Commercial/business zoning - within the city limits of Kerrville.
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PRICE |
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REMARKS |
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.
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Property listed by Agent.
Barry McCollom
Or call
830
-896-1122
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