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
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
Loading comparables…
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