613 Mustang St Fredericksburg, TX 78624
- Commercial real estate
- 7 SF
- 0.74 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 613 Mustang St
- Lot size
- 0.74 lot acres
- Property size
- 7 SF
- Property type
- Commercial real estate
- APN
- 27475
- APU
- 27475
Description
Exceptional investment opportunity in Fredericksburg, Texas! This 1.511-acre mobile home park, located at 613 Mustang St, offers 11 occupied pads generating a substantial NOI of $52,800, resulting in a 4.40% cap rate. The property is zoned R-4, allowing for manufactured home residential use. The park comprises two tracts: one at 613 Mustang St (0.74 acres with 7 tenant-owned homes) and another at 503 Mueller St (0.771 acres with 4 tenant-owned homes). Each pad features separate electric meters, with common water and sewer taps. The asking price is $950,000. Importantly, the eleven manufactured homes themselves are tenant-owned and not included in the sale. This property presents a strong cash flow opportunity within the city limits of Fredericksburg, Gillespie County, TX, 78624. The total lot size is 65,819.16 square feet. This is a turnkey investment ready for immediate income generation.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fredericksburg
- County
- Gillespie
- State
- Texas
- Longitude
- -98.8692
- Latitude
- 30.2629
- CBSA code
- 23240
- CBSA name
- FREDERICKSBURG, TX MICROPOLITAN STATISTICAL AREA
