11296 Hwy 87La Vernia, TX 78121

Property Details for 11296 Hwy 87

Lot size

12.95 AC

Property type

Mobile home & RV parks

Property subtype

Mixed-use properties

Description

This exceptional 12.95-acre multi-use property in La Vernia, Texas, presents a compelling investment opportunity. Located on US Hwy 87 W, this land boasts significant highway frontage in a commercially developed area just outside city limits. The property includes a developed mobile home park with one mobile home currently leased for $1,750 per month on a 12-month lease, and an additional tenant-owned home site rented for $400 monthly. A large barn is also included, currently used with the residential units but potentially leasable separately for business or storage. The mobile home park has been engineered and designed for 38 units, with plans and permits in place. The property also features 1.91 acres zoned for commercial use, complete with a new utility pole and meter for commercial power. A water well is on-site. A significant investment of approximately $50,000 has already been made in a Texas Department of Transportation-approved entrance. The seller owns additional new and used mobile home units available for purchase at a discounted price, providing an immediate opportunity to expand the park's rental income. This property offers a unique blend of existing income streams and significant value-add potential, making it an ideal investment for those seeking a diversified portfolio. The seller is motivated and open to discussing the project's potential. The property is located in Wilson County, Texas, zip code 78121. Detailed engineering plans and park information are available upon request. This is a turnkey opportunity with significant upside potential.

Location Insight

City

La Vernia

County

Wilson

State

Texas

Latitude

29.3332

Longitude

-98.0985

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