MLS# 1763604 – 1959 Arcadia, Kerrville, TX 78028

$765,000 - Br/Ba - for Sale in N/a, Kerrville

Price: $765,000

Units: 2

Property Type: Two Story

Status: Active

Year Built: 1940

Neighborhood: N/a

Days on Website: 232

Courtesy of Fore Premier Properties, Julie Becker {attribution_contact}

Property 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

Property Map

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

Street View

Nearby Schools

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