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    613 Mustang St Fredericksburg, TX 78624

    Sponsored
    For Sale
    $950,000

    Fredericksburg, TX Mobile Home Park - High ROI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional investment opportunity in Fredericksburg, Texas! This 1.511-acre mobile home park, located at 613 Mustang St, offers 11 occupied pads generating a substantial NOI of $52,800, resulting in a 4.40% cap rate. The property is zoned R-4, allowing for manufactured home residential use. The park comprises two tracts: one at 613 Mustang St (0.74 acres with 7 tenant-owned homes) and another at 503 Mueller St (0.771 acres with 4 tenant-owned homes). Each pad features separate electric meters, with common water and sewer taps. The asking price is $950,000. Importantly, the eleven manufactured homes themselves are tenant-owned and not included in the sale. This property presents a strong cash flow opportunity within the city limits of Fredericksburg, Gillespie County, TX, 78624. The total lot size is 65,819.16 square feet. This is a turnkey investment ready for immediate income generation.

    Property Features for 613 Mustang St

    General Information

    Property type
    Land

    Building Details

    Units
    11

    HighLights

    • 11 occupied manufactured home sites generating $52,800 NOI.
    • 1.511‑acre mobile home park within Fredericksburg city limits.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fredericksburg
    County
    Gillespie
    State
    Texas
    Longitude
    -98.8691993
    Latitude
    30.263137

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    FAQs

    What type of property is this?
    Land - Fredericksburg, TX Mobile Home Park - High ROI
    Where is this land located?
    The property is located at 613 Mustang St Fredericksburg, TX.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: 11 occupied manufactured home sites generating $52,800 NOI.; 1.511-acre mobile home park within Fredericksburg city limits.;
    Request Owner's contact information
    613 Mustang St Fredericksburg, TX 78624
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    613 Mustang St Fredericksburg, TX 78624
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