512-516 Silver Maple St Fredericksburg, TX 78624
Exceptional investment opportunity in Fredericksburg, Texas, presents a rare chance to acquire the established Holloway Mobile Home Park. This 1.55-acre property, zoned R-4 Manufactured Home Residential, is offered for sale at $1,900,000. The park features fifteen manufactured home sites, each with a separate electric meter, and shares common city water and sewer connections. A charming 1,184 square foot, three-bedroom, one-bathroom stick-built home, constructed in 1941, is included on the property. This home sits on a corner lot and adds to the overall value. The property also boasts multiple outbuildings, carports, and a private water well, enhancing its functionality and potential. The park is strategically located with frontage on three streets: South Milam Street, Silver Maple Street, and West Walch Street. Note that fourteen of the manufactured homes are tenant-owned and are not included in the sale. Seller financing may be considered, making this an attractive proposition for serious investors. The total lot size is 67,518 square feet. This is a unique opportunity to acquire a well-established mobile home park with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.