8325 FM 327 - Multi-Family FOR SALE


Elmendorf, TX 78112
$655,000 USD
210-317-7528
8325 FM 327, Elmendorf, TX for Sale
$655,000 USD
Multi-Family - FOR SALE
1/23
null | Request Cap Rate

8325 FM 327
Elmendorf, TX 78112


HIGHLIGHTS

  • Renovated in 2024 and 2025.

OVERVIEW

This 8-unit manufactured housing community provides significant upside potential for new ownership. The Cozy Cottages have been remodeled and well maintained, and cared for, ensuring a hassle-free transition for new owners. With proactive management of repairs and upgrades, this property offers investors ease of ownership and peace of mind. The Cottages are situated in a submarket with robust fundamentals, and benefit from a stable and growing rental market, along with being located close to employment centers in the growing vicinity of Elmendorf - such as a large Home Depot Distribution Warehouse, Semi Truck Manufacturer Navistar, and several others. There are three major thoroughfares within seven miles of the property, including Interstates 37 and 410 and Loop 1604. The Cozy Cottages of Elmendorf also boasts not only minimal deferred maintenance but also a significant increase in rental income over the past year. All units have undergone significant remodeling. New owners have the opportunity to maintain this trend by continuing to lease units at rates already being captured and proven. Additionally, The Cottages have City Water, four septic systems, and 94 solar panels ($90,000 + Paid Off and convey) on the property, for low monthly utility bills. Buyers could be a multi-family investor or a family that wants multi-generational living. The property is ready for new ownership in either category.

FOR SALE DETAILS

PRICE

$655,000 USD

PRICE/SF

$442 USD /SF

# OF UNITS

8

PRICE/UNIT

$81,875

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cozy Cottages of Elmendorf

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.32 AC

LAND SF

101,170 SF

ZONING

OCL

APN/PARCEL ID

04045-000-0070

ASK ABOUT THIS PROPERTY

Albert OchoaSUCCESS REALTY OF TEXAS LLCMore Info
210-317-7528

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Albert OchoaSUCCESS REALTY OF TEXAS LLCMore Info
210-317-7528

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