717 Hill Country DrKerrville, TX 78028
- Apartment buildings
Property Details for 717 Hill Country Dr
- Year built
- 1985
- Property type
- Apartment buildings
Description
This exceptional 81-unit apartment building, known as the Winwood Club, presents a compelling value-add investment opportunity in the desirable Kerrville, Texas market. Located at 717 Hill Country Dr, Kerrville, TX 78028, this property boasts a strong 96% occupancy rate and a compelling 6.60% cap rate. The complex comprises four, two-story buildings constructed in 1985 and extensively renovated in 2023. Situated within a San Antonio submarket experiencing positive rent growth (3%) and high occupancy (97%), this asset offers significant upside potential. The limited supply of comparable properties, coupled with a 133.9% absorption rate and the absence of planned new construction, ensures strong demand. Cosmetic unit renovations offer a clear path to increase rental income. This property is offered with the option of an assumption or a free and clear purchase. The property's location in the Texas Hill Country provides a desirable lifestyle for residents. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset with substantial growth potential in a thriving market.
Location Insight
- City
- Kerrville
- County
- Kerr
- State
- Texas
- Latitude
- 30.0406
- Longitude
- -99.1468
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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