385 Camino Real Rd - Manufactured Housing/Mobile Housing FOR SALE


Kerrville, TX 78028
$980,000 USD
830-459-6886
385 Camino Real Rd, Kerrville, TX for Sale
$980,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/28
null | 8.03% Cap Rate

385 Camino Real Rd
Kerrville, TX 78028


HIGHLIGHTS

  • Income-producing community
  • Strong occupancy history with minimal vacancy
  • Ten-acre unrestricted property with room for future expansion

OVERVIEW

INSTANT Income Producing Community, 8% Cap Rate, long history of little to no vacancy & plenty of room to expand (more income!) 10 Acres, groomed, usable, perimeter fenced, unrestricted. Wet weather creek meanders the property to a pond that can be lined to hold water. 5 updated, meticulously maintained manufactured homes each with a private fenced yard, views from the deck, and covered parking. Each tenant maintains their own yard, pays their own electric and holds renter's ins. The deep Trinity well has newly replaced lines, parts, and pumps and 2500-gal storage tank which adequately services all homes and plenty of capacity for more. Don't like that? A public water system ends next door and can be extended to this property for a low cost. Please refer to documents for a list of the year models, and bed/bath setups. DO NOT enter the property without a Realtor. All Realtors to call listing agent for gate code. Continued safety & security is a priority for this tight-knit community. Tenants' rights, proof of funds and seller financing available. Owner does walkthroughs of houses often, so (per seller) what you see in the pictures is the current state of the interiors (plus personal effects). Due to multiple tenants & work/sleep/pet situations, first showings are limited to the land and exteriors of homes. If Buyer is still interested, we'll get them into all of the units at a 2nd showing. This is a very tight knit family community. They take pride in their homes and safety is a priority. Please do not attempt to drive onto the property without permission or allow buyers to either.

FOR SALE DETAILS

PRICE

$980,000 USD

PRICE/SF

$189 USD /SF

# OF UNITS

5

PRICE/UNIT

$196,000

CAP RATE

8.03%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

PARKING SPACES

5

LAND DETAILS

LAND ACRES

10 AC

LAND SF

435,600 SF

ZONING

Unrestricted Residential

APN/PARCEL ID

R28767,R539443

ASK ABOUT THIS PROPERTY

Kari BockBock & Co.More Info
830-459-6886

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Kari BockBock & Co.More Info
830-459-6886

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