0 Tbd Kerrville, TX 78028
This exceptional Kerrville, Texas investment opportunity presents a 10-acre mobile home park boasting five well-maintained residential units, each with a private fenced yard and scenic hill views. Built between 1986 and 2018, with recent renovations completed in 2021-2022, these units currently enjoy 100% occupancy, generating a substantial net operating income (NOI) of $75,004, resulting in a 7.7% capitalization rate. The property features a 480-foot deep well with a new pump (2020), a 2500-gallon storage tank and new booster pump (2022), and an 18x30 metal workshop. Additional amenities include a fully fenced perimeter, a wet weather creek and pond, and ample space for future expansion, allowing for significant value-add potential. The property is zoned OCL, offering flexibility and potential for further development. The total square footage is 5,192, with a price per square foot of $189.71 and a price per unit of $197,000. The asking price for this turnkey operation is $985,000, and owner financing may be considered with a substantial down payment. This property offers a strong cash flow and a compelling return on investment. The APN is 28767.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.