1321 Harris Hill Rd - Manufactured Housing/Mobile Housing FOR SALE


San Marcos, TX 78666
$1,399,000 USD
512-516-9722
1321 Harris Hill Rd, San Marcos, TX for Sale
$1,399,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/18
null | 5.71% Cap Rate

1321 Harris Hill Rd
San Marcos, TX 78666


HIGHLIGHTS

  • STEADY EARNER
  • RECENT CAPITAL IMPROVEMENTS
  • MID TO LONG TERM COVERED LAND PLAY IN ETJ ADJOINING HIGH GROWTH SAN MARCOS

OVERVIEW

EXCELLENT COVERED LAND PLAY WITH ROBUST INCOME. 14 UNITS (10 DETACHED SINGLE FAMILY, 2 DUPLEXES) WITH EXTENSIVE RECENT CAPITAL IMPROVEMENTS. MIX OF OLDER SITE BUILT HOMES AND NEWER MANUFACTURED UNITS. OPERATING INCOME $174,000+. 2024 NOI NEAR $80.000. TOTAL OPERATING INCOME SAW 11.88% YOY GROWTH FROM 2023 TO 2024 DUE TO IMPROVEMENTS. LOW VACANCY RATE. NEWER DEVELOPMENT CLOSE BY, LONG TERM PLAY HIGHER DENSITY, HIGHER QUALITY MULTISTORY INCOME PROPERTY. ADJOINS CITY LIMITS OF HIGH GROWTH SAN MARCOS BUT IN DEVELOPER-FRIENDLY ETJ.

FOR SALE DETAILS

PRICE

$1,399,000 USD

PRICE/SF

$130 USD /SF

# OF UNITS

14

PRICE/UNIT

$99,929

CAP RATE

5.71%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.43 AC

LAND SF

105,851 SF

ZONING

ETJ

APN/PARCEL ID

R111293

ASK ABOUT THIS PROPERTY

David MosrieDavid MosrieMore Info
512-516-9722

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David MosrieDavid MosrieMore Info
512-516-9722

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.