Description
Picturesque 10-acre multi-family mobile home community, offering positive cash flow with 5 units, and room to grow. noi is $74,779.00, yielding a 7.59 cap rate. the property is fully fenced and has a wet weather creek and pond. the units are serviced by a 480’ deep well which had a new pump installed in 2020, and also has a 2500 gallon storage tank and new booster pump installed in 2022. there is a spacious 18x30 metal workshop that currently stores the owner’s equipment. the five residential units are well maintained ranging from 1986-2018, with remodels in 2022. each unit has a private fenced yard and views of the hills. the interior road provides access to each unit, and also to future sites.
seller may consider owner financing with qualified buyer with a 25 or 30 year amortization and a balloon payment in full at the end of year 5 with a competitive apr. 20% down payment. all terms are negotiable and may be adjsted based on credit worthiness, down payment, price and other factors. seller has the right to refuse a seller finance senario to any buyer.
agent open for all showings. 24 hours advance notice is appreciated. no interior tours are allowed until the property is under contract, however, additional photos are available.
Property Type
FarmCounty
KerrStyle
FarmAD ID
48999474
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Property Details
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Interior Features
Bathroom Information
- Total Baths: 9
- Full Baths: 9
Interior Features
- Roof: Shingle
Roofing Information
- Shingle
Flooring Information
- Wood
Heating & Cooling
- Heating: Central
- Cooling:
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Property / Lot Details
Lot Information
- Lot Dimensions: 709x677
- Lot Description: Level
- Main Square Feet: 10
Property Information
- Subdivision: Hidden Valley Ranch
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Taxes / Assessments
Tax Information
- Annual Tax: $3484
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Parking Information
- DetachedCarport
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School, Utilities & Location Details
School Information
- Elementary School: Outside School District
- Junior High School: Outside School District
- Senior High School: Outside School District
Utility Information
- ElectricityConnected,WaterConnected
Location Information
- Direction: This is agent open only with minimum 24 hour notice. Once qualified buyer is established, we will meet and disclose location. It is 7 miles outside of Kerrville
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BuyOwner last updated this listing 04/26/2025 @ 07:57
- MLS: 1194932
- LISTING PROVIDED COURTESY OF: Lisa Grove, Phyllis Browning Company
- SOURCE: ACTRIS
is a Land, with 13 bedrooms which is for sale, it has 5,192 sqft, 10 sized lot, and 0 parking. are nearby neighborhoods.