Address Not Shown
Kerrville, TX 78028
5192 sqft | 13 beds | 9 baths | 10.00 acres | #1194932
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 Details
- Utility FeaturesElectricity Connected, Water Connected
- Elementary SchoolOutside School District
- Middle SchoolOutside School District
- High SchoolOutside School District
- SubdivisionHidden Valley Ranch
- ViewHills, Trees Woods
- Property ConditionUpdated Remodeled
- Sewer InformationPrivate Sewer
- School DistrictKerrville Isd
- Property TypePurchase
- Original List Price$985,000
- Utility SourcePrivate
- MLS #1194932
- MLS #1194932
- Taxes Annual$3,484
- Cost985000
- Lot DescriptionLevel
- Property SubtypeOther
- Square Feet5192
- CountyKerr
- Days on Market (Cumulative)443
- Bedrooms13
- Acres10
- Bathrooms9
- Full Baths9
Location
Legal
Based on information submitted to the MLS GRID as of 2025-03-25 16:04:13 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Based on information from the Austin Board of REALTORS®. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided "AS IS" and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
Last Updated: . Source: ACTRIS
Listing Courtesy
Listing Agent: Lisa Grove (#444720), Phone: (210) 824-7878
Listing Office: Phyllis Browning Company (#32022)
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