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    613 Mustang St Fredericksburg, TX 78624

    Sponsored
    For Sale
    $950,000

    1.5 Acres, 11 Tenant-Occupied Homes

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a well-established mobile home park situated on approximately 1.51 acres in Fredericksburg, Texas. The property, zoned R-4 Manufactured Home Residential, comprises two tracts. The first, located at 613 Mustang St, encompasses 0.74 acres and features seven tenant-owned homes (TOH). The second tract, situated at 503 Mueller St, covers 0.771 acres and includes four additional tenant-owned homes. In total, the park boasts eleven tenant-occupied homes, each generating $450 in monthly rent, resulting in a substantial monthly income stream. Each home site is equipped with individual electric meters, while water and sewer services are shared. It's important to note that the eleven manufactured homes themselves are not included in the sale; they remain the property of the tenants. The total lot size is 65,819.16 square feet. This property offers a unique chance to acquire a proven income-generating asset in a desirable Texas location. The asking price for this turnkey investment is $950,000. This represents a compelling opportunity for investors seeking a stable and profitable addition to their portfolio. The property's location in Fredericksburg, TX, offers a strong potential for future growth and appreciation.

    Property Features for 613 Mustang St

    General Information

    Property type
    Land

    HighLights

    • $950,000 asking price.
    • 1.51 acres of commercially zoned land in Fredericksburg, TX.
    • Designated R‑4 Manufactured Home Residential zoning.
    • Two parcels: 613 Mustang St (0.74 acres, 7 tenant‑owned homes) and 503 Mueller St (0.771 acres, 4 tenant‑owned homes).
    • 11 tenant‑owned homes generating $450/month each in rental income; homes not included in sale.
    • Individual electric meters; shared water and sewer.
    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
    -98.8692269
    Latitude
    30.2631435

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    FAQs

    What type of property is this?
    Land - 1.5 Acres, 11 Tenant-Occupied Homes
    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: $950,000 asking price.; 1.51 acres of commercially zoned land in Fredericksburg, TX.; Designated R-4 Manufactured Home Residential zoning.
    Request Owner's contact information
    613 Mustang St Fredericksburg, TX 78624
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    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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