Texas Hill Country Resort Conference Center 9 CAP 602K NOI

Posted by George Alexander on Saturday, July 27th, 2019 at 1:44pm.

Triple T Resort & Conference Center | Kerrville, TX
9.26% CAP | $602K Net Operating Income | $6,500,000

Hybrid  income producing property with annual leased assets PLUS 56 RV sites and 3 owner financed mobile home notes.
9.26% Cap. $602,213 Net Operating Income (NOI). $225,297 Net Cash Flow (NOI - Annual Debt Service).
12.84% 1st year cash-on-cash. 1.60 Debt Service Coverage Ratio (Minimum 1.25 normally required by lenders).
All annual lease units 100% occupied: 30 cabins, 9 suites, 9 efficiencies, 6 mobile home lots.
56 RV slots equally divided between long-term and short-term rentals.
Maintenance person at 25 hours per week for 1 RV slot and electric.
Excellent reputation. No Flood Zone. 100-foot elevation range. 
Low crime rate. Great demographics.
10 MI to I-10 Kerrville. 15 MI to I-10 Comfort. Under 30 MIN to Fredericksburg, Boerne, Bandera.

Link to adjacent 16 acres and new 6,081 SF home for sale

Video Website     Details Website     SWPRE Blog     YouTube

 

For More Information

Don Stefanov, GRI, ABR
Managing Partner – SWPRE Fredericksburg
m  +1 830.998.5677
o   +1 830.900.0266
e    don@swpre.com
w   https://donstefanov.swpre.com/

 

PDF Downloads

Financial Pack     Aerials Pack     Pictures Pack     Graphics Pack     Community DNA     Soil Report     Flood Zone Map    Commercial Property Condition Statement

 

Proforma Financials

 

Trend

 

Site Plan & Improvements

 

Pictures

 

Aerials

 

Property Maps & Survey

 

Kerr Central Appraisal District Data 

3900 & 3914 Bandera HWY Graphics Pack FINAL.014.Kerr CAD Plat Map

Owner: TRIPLE T RESORT & CONFERENCE CENTER, LLC

Address: 3900 & 3914 Bandera HWY, Kerrville, TX 78028

Legal:

Property #1:
Property ID: 13596
Geographic ID: 0111-0061-001201. Property type: Real
Legal Description: ABS A0111 CROOK, SUR 61,ACRES 8.08,TITLE # 01259276,SN1 CW2000729TXA;HUD# TEX0527328

Property #2:
Property ID: 13620
Geographic ID: 0111-0061-003201. Property type: Real
Legal Description: ABS A0111 CROOK, SUR 61,ACRES 9.24

Property #3:
Property ID: 72002
Geographic ID: P72002. Property type: Personal.
Legal Description: PERSONAL PROPERTY

Land

17.32 acres | 754,459.2 SF |  70,091.55 m2 |  7.009 hectares*
*SF, m2 & hectares estimates by SWPRE 

Property Taxes:

Paid 2018
: $14,164.24
Tax Rate: 1.62523
Exemptions: None

 

Community DNA 

 

Radii & Drive Time Maps

 

Google Driving Maps

 

Directions

9.7 MI from Kerrville at I-10 E and TX 16-Fredericksburg RD

1. Travel SW on Fredericksburg RD 0.1 MI
2. Turn left (south) on TX-534 Loop 4.3 MI
3. Turn left (southeast) on TX-173-Bandera HWY 5.2 MI
4. Property on your right

Google Map link

 

3% Buyer Broker Commission

Only requirements for payment of 3% buyer broker commissions: Texas Broker License and submit contract that escrows, closes and funds.

 

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