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$13,500,000

1407 Sidney Baker St, Kerrville, TX, 78028

On MarketInfo
Baths35,603 Sq Ft
ApartmentApartment
price_per_sqft$379.18 / sqft
Year BuiltBuilt in 2017

Exterior

Lot Size3.20 acres

Building Information

Year Built2017

Land Information

APN536311
Lot Number2R
SubdivisionSidney Baker Community Plaza
Land UseResidential
Legal DescriptionSIDNEY BAKER COMMUNITY PLAZA LOT 2R (REPLAT) ACRES 3.199
Census Tract960102
Assessed Land Value$383,208
Assessed Improvement Value$7,353,792
Assessment Year2025

About this property

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 886 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.

Investor Tools

Property Icon
$7,737,000
Estimated Property Value
$6,050,000Estimated Mortgage Balance
$2,000,272Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$81,000 /month
Positive
Cash Flow Estimate:
$27,000 /month

Interested in this property?

Josiah Salinas

Prime Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$7,909/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$56,220
$7,737,000
2025
$383,208
$7,353,792
$7,737,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$56,220
$7,737,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City Bank
Commercial
$6,050,000
No
First
Jun 29, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$5,736,728
$2,000,272
25%
74%
$36,273/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Kerrville

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