0 TbdKerrville, TX 78028

Property Details for 0 Tbd

Year built

1986

Lot size

10.00 AC

Property size (Sq ft)

5,192 SF

Property type

Investment properties

Property subtype

Multifamily properties

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.

Location Insight

City

Kerrville

County

Kerr

State

Texas

Latitude

30.0474

Longitude

-99.1403

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