516 Silver Maple St Fredericksburg, TX 78624

Property Details for 516 Silver Maple St

Year built

1941

Lot size

1.55 lot acres

Property size

2,240 SF

Property type

Mobile home & RV parks

Description

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.