000 TBD
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000 TBD
5 Unit Mobile Home Park $985,000 ($197,000/Unit) 7.67% Cap Rate Kerrville, TX 78028
Investment Highlights
- Immaculate 10 Acres, Mobile Home /Multi-family Community with 5 units and expansion opportunity.
- NOI of $75,991 with a 7.7% 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 a substantial down payment.
Executive Summary
Contact listing agent for exact location and to set up a showing.
- 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.
-Immaculate 5 unit mobile home community 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.
- Long term tenants, positive cash flow and 7.61% 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
- 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.
-Immaculate 5 unit mobile home community 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.
- Long term tenants, positive cash flow and 7.61% 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
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $985,000 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $197,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 10.15 AC |
| Cap Rate | 7.67% | Building Size | 5,192 SF |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 2009/2022 |
| Price | $985,000 |
| Price Per Unit | $197,000 |
| Sale Type | Investment |
| Cap Rate | 7.67% |
| 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 |
| No. Stories | 1 |
| Year Built/Renovated | 2009/2022 |
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zoning
| Zoning Code | OCL (Outside of the City Limits) |
| OCL (Outside of the City Limits) |
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