Current Use by Public Records
- Mobile home & RV parks
Property Details for 0 Tbd
- Year built
- 1986
- Lot size
- 10.00 lot acres
- Property type
- Mobile home & RV parks
- Property subtype
- Land
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kerrville
- County
- Kerr
- State
- Texas
- Longitude
- -99.1403
- Latitude
- 30.0474
