$985,000
Kerrville, TX 78028
- 10.00 Acres
- Kerr County
- 13 Beds
- 9 Baths
Description
Picturesque 10-acre multi-family mobile home community, offering positive cash flow with 5 units, and room to grow. NOI is $74,935.00, yielding a 7.6 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.
Key Features
- Price $985,000
- Property Type Ranches
- Acres 10 Acres
- Utilities Electricity Connected,Water Connected
- Beds/Baths 13/9
- City Kerrville
- Status Active
Improvements
- Fence: Fenced
- Heating: Central
- Permit internet: 1
- Pool: None
- Roof: Shingle
Other
- City: Kerrville
- County: Kerr
- State: TX
- Zipcode: 78028
- Subdivision: Hidden Valley Ranch
Property Map
This is agent open only. Once qualified buyer is established, we will meet and disclose location. It is 7 miles outside of Kerrville
©2024 Austin Board of REALTORS. All rights reserved. - Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, Austin Board of REALTORS. Listing #5098657 Courtesy of Phyllis Browning Company. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Information is deemed reliable but is not guaranteed.
