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For Sale $985,000
Listed 127 days ago for $985,000- Status: Active
- Property Type: See Remarks
- County: Kerr
- School District: Kerrville Isd
- Subdivision: Hidden Valley Ranch
- Beds: 13
- Bathrooms: 9
- Half Bathrooms:
- SqFt: 5,192
- $/SqFt: 189.71
- Lot Size: 10 acres
- Cooling: Central Air
- Est. Taxes: $1815.76
- Association/HOA : No
- Waterfront: No
- Private Pool: No
Owner will consider Seller financing for qualified buyer. 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.
- Lot Features
- Level
- Waterfront Features
- None
- Fencing
- Fenced
- Other Structures
- Workshop
- Utilities
- Electricity Connected, Water Connected
- Construction Materials
- Wood Siding
- Green Energy Efficiency
- None
- Pool Features
- None
- Patio and Porch Features
- Porch
- Community Features
- Common Grounds
- Listing ID
- 5098657
- Sub Agency Compensation
- 0.000%
- Buyer Agency Compensation
- 3%
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.