Six-unit multifamily property in Kerrville, Texas, offered as an investment sale. The property is structured as three separate duplexes on three separate parcels, which allows a buyer to pursue residential financing rather than commercial financing.

That structure is the defining feature of this offering. Because each building is a legal duplex on its own parcel, a qualified buyer may be able to finance the acquisition using conventional two-to-four-unit residential loan products rather than commercial debt. For many buyers that means a lower down payment requirement, a longer fixed-rate amortization, and materially different underwriting than a single six-unit commercial building would require. Buyers should confirm available terms with their own lender.

The unit mix consists of five one-bedroom, one-bath units of approximately 910 square feet each and one two-bedroom, two-bath unit of approximately 1,300 square feet, totaling roughly 5,850 square feet of building area across a half-acre site. Every unit includes a covered carport with an attached storage and laundry room, and four of the six units have private yards. Units include air conditioning, heating, full kitchens with refrigerator, oven, microwave and dishwasher, and tub and shower baths.

The seller reports that all units have been recently remodeled and that the property has been historically fully occupied with long-term tenants. Current scheduled rents are approximately 1,095 dollars per month for the one-bedroom units and 1,350 dollars per month for the two-bedroom unit.

The property was built in 1973 and sits on high ground in a central Kerrville location, two blocks from the county courthouse and within walking distance of the downtown district. Kerrville is a Hill Country city of roughly 25,000 approximately 55 miles northwest of San Antonio, anchored by a regional medical center, a Veterans Affairs medical center, and Schreiner University. Roughly 41 percent of local households rent, and the area median gross rent is approximately 1,141 dollars per month.

Seller financing may be available to a qualified buyer with a substantial down payment. Terms are negotiable and available on request.

Operating statements, a current rent roll, and lease detail are available to qualified buyers following an initial call with ownership. The property is tenant-occupied and showings are by appointment only; drive-by viewing is welcome but tenants should not be disturbed.

Contact us today to learn more about this opportunity and request additional information.