Building Details

Year Built 2024

Units 16

Listing Agency: k***@exprealty.com Show Phone

Listed By: Katie Show Phone

Added: Jan 31 Changed: Mar 16

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Investment Insights

Based on property information with market context.

This property presents an investment opportunity featuring 14 single-wide homes, each with three bedrooms and two bathrooms, and approximately 1,000 square feet of living space, situated on individual 0.10-acre lots. Additionally, there are two efficiency cabins on the premises. The mobile home park is well-maintained and reports a 90% occupancy rate, reflecting consistent rental demand within the Lake LBJ corridor. Each unit is rented for $1,400 per month, providing cash flow, with tenants responsible for their own utilities. Operating expenses average approximately 35% of the gross income. Investors can anticipate a 7% to 8% capitalization rate based on current figures, with potential for increased returns through rent adjustments or utility restructuring. The property is located near schools, shopping, and recreational facilities, benefiting from Kingsland’s population growth and the demand for affordable housing. This turnkey mobile home park offers income and stability in Central Texas.

Property Analytics

Current Use

Other commercial real ...

Suggested Use

Top Pick Dental Office Law Firm Bakery Garden Center Big Box & Wholesale Store Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

47

Businesses Nearby

Explore this area Business Placement

Demographics for 78639, TX

8,365

Population

5,359

Households

1.6

Avg Household Size

51

Median Age

27%

College-Educated

88%

High-School Grad

43.9 sq mi

ZIP Area

191

Density / Sq Mi

$57,034

Median Household Income

$31,347

Median Earnings

$964

Median Rent

$249,100

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

Where is this commercial real estate located?

The property is located at 1-16 Odessa St Kingsland, TX.

What is the asking price?

The asking price for this property is $2,125,000.