24369 Bingham Creek Rd - Manufactured Housing/Mobile Housing FOR SALE


Leander, TX 78641
$1,500,000 USD
512-677-5913
24369 Bingham Creek Rd, Leander, TX for Sale
$1,500,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/26
null | 12% Cap Rate

24369 Bingham Creek Rd
Leander, TX 78641


HIGHLIGHTS

  • Turn Key investment, management in place, value add opportunities, Austin area location with easy commutes.

OVERVIEW

Bingham Creek Residences presents the opportunity to acquire an established residential income property situated on approximately 10 unrestricted acres in the rapidly growing Leander, Texas market. The property currently operates as a diversified residential rental community consisting of twelve rentable residences, including a primary residence, a detached garage apartment, three tiny homes, and additional residential rental units. When the current owners acquired the property in 2023, the community consisted of the primary residence, detached garage apartment, and three tiny homes. Since that time, seven additional residential units have been added along with supporting utility infrastructure, creating a substantially expanded residential rental operation. The property is being offered as a turn-key investment with existing rental income, established infrastructure, and multiple housing types that provide a diversified rental portfolio within a single property. Improvements include a shared well, multiple septic systems, established electrical service, internal roadways, solar panels on the primary residence, and a swimming pool. The current gross scheduled annual income is approximately $158,820, with ownership projecting stabilized gross annual income of approximately $205,020 as remaining opportunities are realized. A detailed rent roll, income and expense information, and supporting due diligence materials are available to qualified purchasers. In addition to its current operation, the property offers future owners the opportunity to evaluate operational efficiencies based on their individual investment strategy. Buyers may wish to explore occupancy stabilization, utility management strategies, and other operational improvements through their own due diligence. The property's unrestricted acreage and existing infrastructure may also warrant evaluation for future expansion opportunities, subject to governmental approvals, utility capacity, and buyer verification. The property benefits from its location within one of Central Texas' strongest growth corridors, offering convenient access to Leander, Cedar Park, Georgetown, Liberty Hill, Downtown Austin, Austin-Bergstrom International Airport, Tesla Gigafactory Texas, and other major employment centers throughout the Austin metropolitan area. Out of respect for the property's residents, all showings are by appointment only. Please do not enter the property or disturb tenants. Qualified buyers will receive additional information and coordinated access through the listing broker. Seller financing may be available for qualified buyers under mutually acceptable terms. Ideal Investor Profile: Private investors seeking an established residential income property, 1031 exchange buyers, residential rental operators, tiny home community operators, manufactured housing investors, and family offices or long-term hold investors.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$150 USD /SF

# OF UNITS

12

PRICE/UNIT

$125,000

CAP RATE

12%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2021

PARKING SPACES

20

LAND DETAILS

LAND ACRES

10 AC

LAND SF

435,600 SF

ZONING

unrestricted

APN/PARCEL ID

779202

ASK ABOUT THIS PROPERTY

Carson MorganRENÉE JORDAN, BROKERMore Info
512-677-5913

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Carson MorganRENÉE JORDAN, BROKERMore Info
512-677-5913

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