Amazing Investment & Lifestyle Opportunity in Kerrville! Looking for a property that truly checks all the boxes? This charming 1950's cottage paired with a whimsical Hobbit-style guest house offers endless potential as a rental investment, vacation retreat, or the perfect multi-generational home. The main home features 3 bedrooms and 2 full baths, full of character with original hardwood floors, plantation shutters, and a renovated kitchen complete with a unique fold-out table. The guest home, known as the Hobbit House, offers 1 bedroom, 1 full bath, a cozy living space, and a kitchen. Walk through the magical round door into a backyard filled with storybook charm. Designed with both a kitchen and bathroom-and plumbed for a large bath upgrade-this truly one-of-a-kind guest home feels like it belongs in the movies. Whether you're an investor searching for a unique rental property or a family looking for extra space to spread out, this property blends history, character, and income potential. Don't miss your chance to own a piece of Kerrville charm with unmatched rental appeal.