Estimated payment $6,074/month
Highlights
- No HOA
- Brick Veneer
- Tile Flooring
- Nimitz Elementary School Rated A-
- Walk-In Closet
- Central Heating and Cooling System
About This Home
Investors check out this meticulously maintained 8-unit apartment complex that offers an exceptional opportunity for both investors and residents alike. Multiple tenants have been here 10+ years, showing a strong, stable base of reliable income. For investors seeking a lucrative opportunity, this property presents a strong rental history and significant potential for growth. With its prime location and impeccable upkeep, The Ranchero Apartments are sure to attract quality tenants for years to come. Don't miss your chance to own a piece of Kerrville's thriving real estate market. Schedule a viewing today and come see the potential of this remarkable 8-unit apartment complex.
Listing Agent
Arden Hills Realty Brokerage Phone: 8307925775 License #0610770 Listed on: 03/19/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,866
Year Built
- Built in 1981
Lot Details
- 0.42 Acre Lot
- Property fronts a county road
- Level Lot
Parking
- No Garage
Home Design
- Brick Veneer
- Slab Foundation
- Composition Roof
- Wood Siding
- HardiePlank Type
Interior Spaces
- Walk-In Closet
- 4,896 Sq Ft Home
- 2-Story Property
- Tile Flooring
- Electric Range
Schools
- Nimitz Elementary School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Tax Block 8
Community Details
Overview
- No Home Owners Association
- 8 Units
- Loma Vista Subdivision
Building Details
- Operating Expense $19,112
- Gross Income $65,500
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,604 | $382,974 | $100,000 | $282,974 |
| 2024 | $3,837 | $297,734 | $68,750 | $228,984 |
| 2023 | $3,866 | $297,734 | $68,750 | $228,984 |
| 2022 | $3,388 | $231,615 | $25,000 | $206,615 |
| 2021 | $3,746 | $231,615 | $25,000 | $206,615 |
| 2020 | $3,969 | $231,615 | $25,000 | $206,615 |
| 2019 | $3,996 | $231,615 | $25,000 | $206,615 |
| 2018 | $3,963 | $231,615 | $25,000 | $206,615 |
| 2017 | $3,965 | $231,615 | $25,000 | $206,615 |
| 2016 | $3,965 | $231,615 | $25,000 | $206,615 |
| 2015 | -- | $231,615 | $25,000 | $206,615 |
| 2014 | -- | $231,615 | $25,000 | $206,615 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/19/2025 03/19/25 | For Sale | $1,100,000 | -- | $225 / Sq Ft |
Source: Kerrville Board of REALTORS®
MLS Number: 118694
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