613 Mustang StFredericksburg, TX 78624

Property Details for 613 Mustang St

Lot size

0.74 AC

Property size (Sq ft)

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.

• Alternative Use

  Use

  Valuation

  Residential

  $1,672

  Hospitality

  $1,532

  Educational

  $1,275

  Medical

  $1,318

  Retail

  $1,983

Location Insight

City

Fredericksburg

County

Gillespie

State

Texas

Latitude

30.2629

Longitude

-98.8692

CBSA code

23240

CBSA name

FREDERICKSBURG, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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