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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

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    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.;
    Request Owner's contact information
    516 Silver Maple 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
    516 Silver Maple St Fredericksburg, TX 78624
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