Updated Aug 4, 2026
Marcus & Millichap Brokers Sale Of 49-Unit Apartment Community In Kerrville For Local Investor
815 Ranchero Road
Building Size
34,825 SF
Asset Type
MultiFamily
Closing
Jul 31, 2026
About this deal
AI
The property involved in this transaction is a multifamily asset located at 815 Ranchero Road in Kerrville, Texas. This 34,825-square-foot property includes 49 units and spans 3.9 acres, catering to residential needs in the area.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: Not specified
- Address: 815 Ranchero Road
- Market: Kerrville, TX
- Square Footage: 34,825
- Units: 49
- Acres: 3.9
- Seller: Local investor
- Buyer: Boerne-based buyer
- Broker: Ben Kalter, Will Balthrope & Drew Garza - Marcus & Millichap
Marcus & Millichap facilitated the sale of the 49-unit apartment community from a local investor to a buyer based in Boerne. The property garnered significant investor interest upon being remarketed as a standalone asset, with the new owner planning renovations to enhance both the interior and exterior in anticipation of potential rent growth.
Players
Kerrville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93