000 TBD 5 Unit Mobile Home Park $985,000 ($197,000/Unit) 7.59% Cap Rate Kerrville, TX 78028
INVESTMENT HIGHLIGHTS
- Immaculate 10 Acres, Mobile Home /Multi-family Community with 5 units and expansion opportunity.
- NOI of $74,779 with a 7.59% Cap Rate
- Wet weather creek and pond in a tranquil setting with lovely views. Room for owner to build on site.
- Multiple options for investors or owner/operator.
- 8 miles to shopping and amenities in Kerrville, Texas
- Seller may consider owner financing with qualified buyer and 20% down payment; all terms are negotiable.
EXECUTIVE SUMMARY
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.
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- 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
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- 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
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $985,000 |
| Price Per Unit | $197,000 |
| Sale Type | Investment |
| Cap Rate | 7.59% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 10.15 AC |
| Building Size | 5,192 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 2009/2022 |
| Zoning | OCL - Outside of the City Limits |
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