TWO DOORS. $3,200 IN MONTHLY RENTAL INCOME. ONE SMART INVESTMENT! Looking for an investment that starts working for you from DAY ONE? Welcome to 511 & 518 Florence St. in the heart of Kerrville! Priced at $475k, this recently renovated duplex offers 2 income-producing units, each currently leased at $1,600/month, for a combined $3,200 in monthly rental income - that's $38,400 annually in gross rental revenue! Both units have been thoughtfully updated with brand-new stainless steel appliances, refreshed interiors, and their own PRIVATE BACKYARDS, offering tenants the comfort and privacy they appreciate. And here's where this opportunity gets even better: BOTH tenants are currently on month-to-month leases, giving the next owner valuable FLEXIBILITY! Continue enjoying the existing rental income, explore living in one unit while renting the other, or pursue your own plans for the property, subject to lease terms and applicable notice requirements. LOCATION? Absolutely! Situated in the heart of Kerrville, within walking distance of major shopping, grocery stores, restaurants, and everyday conveniences, this property offers the accessibility that makes rental property so desirable!
Great investment opportunity right in the heart of the Starkey School district. Great Short Term or Long Term rental possibilities as it is located in a R1-A zone. Unit 511 has an updated kitchen and comes with a microwave, oven, washer, dryer, and refrigerator. Unit 513 comes with dishwasher, microwave, stove, stacking washer and dryer, and refrigerator. Each unit has a similar floor plan featuring two bedrooms, one bath, living and kitchen combo space. The backyard is fully fenced. Two sheds are located in the back for workshop or extra storage space. Each side has a large attached carport. The owner will replace the roof prior to close with a reasonable offer! Owner is LREA.
As the MLS and public records start to fill up, we'll list the details here.
Public record
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Multi-Family (2-4 Unit)
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Kerr County
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Last updated by owner on Apr 29, 2024.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
4/10 Fire Factor
2% chance of being in a wildfire in next 30 years
6/10 Heat Factor
7 days above 103° expected this year, 23 days in 30 years
6/10 Wind Factor
52% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Kerrville, TX • 78028
Average low and high temperatures (°F)
60
35
71
44
81
53
81
61
88
63
92
73
92
72
96
70
91
64
87
58
77
50
68
44
Jan
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Apr
May
Jun
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Aug
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Sun exposure
In this area, properties receive around 9.1 hours in
June and 5 hours in December, which is comparable to the
U.S. average for solar exposure.
9.1 hrs
5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 511 Florence St
$474,799
$201 under list price of $475K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $307K to $465K.