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The Sidney Baker Luxury Apartments 1407 Sidney Baker St 60 Unit Apartment Building $18,675,764 CAD ($311,263 CAD/Unit) 5.17% Cap Rate Kerrville, TX 78028



EXECUTIVE SUMMARY
Introducing The Sidney Baker Luxury Apartments, a premier multifamily investment opportunity in the heart of the Texas Hill Country. Located at 1407 Sidney Baker Street in Kerrville, this luxury-branded community offers a rare combination of high visibility, strong tenancy, and lifestyle appeal, positioned directly off one of Kerrville’s busiest commercial corridors. According to TxDOT, Sidney Baker Street (SH-16) averages approximately 15,000–21,000 vehicles per day, offering unmatched exposure for future ownership and signage opportunities.The property maintains an impressive 95%–100% occupancy rate, a testament to its strong management and consistent tenant demand. Comprised of spacious 1-bed/1-bath, 2-bed/2-bath, and 3-bed/2-bath units ranging from 900 sq ft to 1,399 sq ft, each residence features open-concept layouts, premium finishes, and private patios or balconies. Residents enjoy resort-style amenities, including a sparkling community pool, controlled-access entry, beautifully landscaped common areas, and plentiful parking throughout the gated property. Perfectly positioned along Sidney Baker Street, this asset offers quick access to major employers, retail centers, and healthcare hubs, while backing up directly to the Scott Schreiner Municipal Golf Course, providing serene views and a distinctive competitive advantage within the Kerrville rental market.With historically stable performance, minimal turnover, and future rent-growth potential, The Sidney Baker presents a strong addition to any investor’s portfolio. This is a turn-key, income-producing asset with proven returns and long-term appreciation potential, an exceptional opportunity to acquire a luxury multifamily property with premier frontage, top-tier tenancy, and timeless Hill Country appeal.
PROPERTY FACTS
| Price | $18,675,764 CAD | Building Class | A |
| Price Per Unit | $311,263 CAD | Lot Size | 3.20 AC |
| Sale Type | Investment | Building Size | 72,000 SF |
| Cap Rate | 5.17% | Average Occupancy | 97% |
| No. Units | 60 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2018 |
| Property Subtype | Apartment | ||
| Zoning | C2 | ||
| Price | $18,675,764 CAD |
| Price Per Unit | $311,263 CAD |
| Sale Type | Investment |
| Cap Rate | 5.17% |
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | A |
| Lot Size | 3.20 AC |
| Building Size | 72,000 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 2018 |
| Zoning | C2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Storage Space
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Crown Molding
- Granite Countertops
- High Speed Internet Access
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Carpet
- Patio
- Vinyl Flooring
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Fitness Center
- Pool
- Property Manager on Site
- Gated
- Grill
- Package Service
- Pet Play Area
- Wi-Fi
- Lounge
- Maintenance on site
- Pet Washing Station
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 34 | $2,089 CAD | 1,095 |
| 3+2 | 4 | $2,456 CAD | 1,399 |
| 1+1 | 22 | $1,591 CAD | 900 |
PROPERTY TAXES
| Parcel Number | R536311 | Improvements Assessment | $10,365,096 CAD |
| Land Assessment | $540,128 CAD | Total Assessment | $10,905,224 CAD |
PROPERTY TAXES
Parcel Number
R536311
Land Assessment
$540,128 CAD
Improvements Assessment
$10,365,096 CAD
Total Assessment
$10,905,224 CAD
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The Sidney Baker Luxury Apartments | 1407 Sidney Baker St
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