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516 Silver Maple St Fredericksburg, TX 78624

For Sale
$1,900,000

16-unit park, excellent investment

Property size:
2,240 SF

Description

Added:
Dec 11, 2024
Days on Market:
368
This exceptional investment opportunity presents a 16-pad mobile home park situated on a 1.55-acre lot in Fredericksburg, Texas. The property, zoned R-4, boasts a prime location with frontage on three streets: South Milam Street, Silver Maple Street, and West Walch Street. The park includes a 1,184 square foot, three-bedroom, one-bathroom stick-built home constructed in 1941, and a 1,056 square foot manufactured home built in 1998. A total of 16 separate electric meters ensure individual utility billing, while city water and sewer services are conveniently provided. The property also features multiple outbuildings, carports, and a water well, adding to its overall value and functionality. Fourteen of the mobile homes are tenant-owned and not included in the sale. This well-established park offers a strong potential for income generation and appreciation, making it an attractive investment opportunity in a thriving Texas market. The asking price is $1,900,000, representing a price per pad of $118,750. This is a rare chance to acquire a turnkey mobile home park with significant upside potential. The property's size and location within Fredericksburg, combined with its existing infrastructure, make it an ideal investment for experienced mobile home park operators or those seeking to enter the market.

Property Features for 516 Silver Maple St

General Information

Property type
Multifamily properties
Square Feet
2,240 SF
Class
C
Lot Size
67,518 SF

Building Details

Year Built
1941
Units
16

HighLights

  • 16‑pad manufactured home park.
  • 1.55‑acre site in Fredericksburg.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Mobile home & RV ...

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Fredericksburg
County
Gillespie
State
Texas
Longitude
-98.8822348
Latitude
30.2693805

FAQs

What type of property is this?
Multifamily property - 16-unit park, excellent investment
Where is this multifamily property located?
The property is located at 516 Silver Maple St Fredericksburg, TX.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 16-pad manufactured home park.; 1.55-acre site in Fredericksburg.;
More about this property
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