000 TBD - Manufactured Housing/Mobile Housing FOR SALE


Kerrville, TX 78028
$985,000 USD
512-517-2691
000 TBD, Kerrville, TX for Sale
$985,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/38
null | 7.59% Cap Rate

000 TBD
Kerrville, TX 78028


HIGHLIGHTS

  • Immaculate 10 Acres, Mobile Home /Multi-family Community with 5 units and expansion opportunity.
  • Multiple options for investors or owner/operator.
  • NOI of $74,779 with a 7.59% Cap Rate
  • 8 miles to shopping and amenities in Kerrville, Texas
  • Wet weather creek and pond in a tranquil setting with lovely views. Room for owner to build on site.
  • Seller may consider owner financing with qualified buyer and 20% down payment; all terms are negotiable.

OVERVIEW

Contact listing agent to sign an NDA to gain access to additional information. All on-site tours are scheduled 24 hours in advance with agent and Seller present. . - Seller may consider owner financing with qualified buyer with a 25 or 30 year amortization and a balloon payment in full at the end of year 5 with a competitive APR. 20% down payment. All terms are negotiable and may be adjsted based on credit worthiness, down payment, price, and other factors. Seller has the right to refuse a seller finance scenrio to any buyer. -Immaculate 5 unit mobile home community sits on 10 unrestricted acres, proximate to Kerrville, Texas in a picturesque setting with hill country views. - Rare value add property in the heart of the Texas Hill Country with multiple options for investor or owner/operator. - The 5 units are extremely well maintained by Seller; each unit has a private, fenced yard with views and dedicated parking. - The property has perimeter fencing and a wet weather creek. - Long term tenants, positive cash flow of $74,779 in 2024 yielding a 7.59% cap rate - Value Add: Room for expansion to 14+ units - 480 foot deep well with a new pump in 2020 - 2,500 gallon storage tank and booster pump added in 2022 - 18x30 metal workshop

FOR SALE DETAILS

PRICE

$985,000 USD

PRICE/SF

$190 USD /SF

# OF UNITS

5

PRICE/UNIT

$197,000

CAP RATE

7.59%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

PARKING SPACES

-

LAND DETAILS

LAND ACRES

10.15 AC

LAND SF

442,124 SF

ZONING

OCL

APN/PARCEL ID

R37032

ASK ABOUT THIS PROPERTY

Teresa Bailey-WeirichPhyllis Browning CommercialMore Info
512-517-2691

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Teresa Bailey-WeirichPhyllis Browning CommercialMore Info
512-517-2691

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.