Property Type Two Story
Status Active
Price Type
Distressed
Year Built 1940
Neighborhood N/a
Days on Website 232

Property Map

$765,000 – 1959 Arcadia, Kerrville, TX 78028

Street View

Courtesy of Fore Premier Properties, Julie Becker {attribution_contact}

Description

RIVER FRONT! Don’t miss this unique opportunity to acquire a duplex nestled along the scenic Guadalupe River! Consisting of two spacious units, Unit A spans 1000 sq ft while Unit B offers 1200 sq ft. Unit A boasts a convenient single-story layout with 2 bedrooms and 1 bathroom, while Unit B provides ample space with its two-story configuration featuring 3 bedrooms and 2 bathrooms, ensuring both comfort and privacy for residents. Step inside to discover beautifully updated interiors that enhance the overall appeal of the property. However, the true highlight lies in the expansive 1.93-acre parcel of land, offering breathtaking views of the surrounding Hill Country and direct access to the Guadalupe River. Imagine spending leisurely days fishing, kayaking, or simply soaking in the serene ambiance right from your doorstep. Whether you’re considering a 1031 exchange or seeking a long-term investment opportunity, this duplex presents great potential for financial growth. Its versatility allows for various uses, whether as a primary residence with a mother-in-law suite or as a secondary income-generating property. This duplex offers residents easy access to everyday conveniences.

Property Details and Features

Listing

  • 231 cumulative days on market
  • 231 days on market
  • Listing date: 2024-04-03 05:00:00

Location

  • County: Kerr
  • Subdivision: N/A

Bedrooms

  • 2 bedrooms in unit 1
  • 3 bedrooms in unit 2

Bathrooms

  • 1 full bathroom in unit 1
  • 2 full bathrooms in unit 2

Accessibility Features

  • Unit 1 disability access: No
  • Unit 2 disability access: No

Building

  • 2 total units
  • Approximate age: 84 years
  • Built in 1940
  • Builder: Unknown
  • Oven/Stove
  • Dishwasher
  • Refrigerator
  • Stacked Washer/Dryer
  • Window Coverings
  • Oven/Stove
  • Dishwasher
  • Refrigerator

Exterior Features

  • Covered Patio
  • Level
  • Guadalupe River
  • Stucco

Floors

  • Saltillo Tile
  • Laminate

Foundation

  • Slab

Roof

  • Metal

Miscellaneous

  • Net operating income: $31,940
  • Unit 1 rent: $1,500
  • Unit 2 rent: $2,300
  • 50% vacancy rate
  • Annual operating expense: $13,660
  • Gross annual income: $45,000
  • Taxes
  • Insurance
  • Maintenance
  • Management

Parking

  • 2 parking spaces for unit 1
  • Unit 1 parking type: Pad
  • 2 parking spaces for unit 2
  • Unit 2 parking type: Carport

Lot

  • Lot size: 1.93

Schools

  • School district: Kerrville.
  • Elementary school: Tally
  • Middle school: Peterson
  • High school: Tivy

Cooling

  • Two Central

Heating

  • Electric
  • Central
  • 2 Units

Utilities

  • Common Water
  • Common Electric
  • City

Taxes

  • Total tax amount: $768,687

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