The Lux Riverside

1605 Water St, Kerrville, TX 78028

  • For Sale Subject To Offer
  • 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 Dec 13, 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.

Contacts

broker
Greg Brownd

The Go-Getters Multifamily with KW Commercial

Location

Getting Around

  • Walk Score ®

    58/100 Somewhat Walkable

  • Bike Score ®

    51/100 Bikeable
Powered by Walk Score ®
  • 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

  • Wilson's Ice House

    0.03 miles

  • Bumdoodlers Lunch

    0.23 miles

  • Classics Burgers

    0.49 miles

  • Brown's Drive In

    0.52 miles

  • Carmine's Italian

    0.54 miles

  • Domino's

    0.57 miles

  • Ballfield Concession Stand

    0.60 miles

  • China Town

    0.61 miles

  • El Sombrero de Jalisco

    0.62 miles

  • Francisco's Restaurant

    0.66 miles

  • Schreiner University

    0.46 miles

  • Notre Dame Catholic School

    0.58 miles

  • B.T. Wilson Sixth Grade School

    0.68 miles

  • Tom F Daniels Elementary School

    0.89 miles

  • Nimitz Elementary School

    1.22 miles

  • Hal Peterson Middle School

    1.44 miles

  • Holy Cross School & Children's Learning Center

    1.53 miles

  • Tivy High School

    1.73 miles

  • Starkey Elementary School

    2.35 miles

  • Fred H. Tally Elementary School

    3.33 miles

  • A Child's Place Learning Center

    1.17 miles

Frequently Asked Questions

How much does The Lux Riverside cost?

The sale price for The Lux Riverside is available upon request. Contact the listing broker for more information.

What is the total square footage of The Lux Riverside?

The Lux Riverside totals 27,470 square feet.

When was this property built?

The Lux Riverside was built in 1965.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Greg Brownd

The Go-Getters Multifamily with KW Commercial