Mobile Home Park Details
- Cap Rate: 7.6% (Actual)
- Listing ID: 6782453
- Posted On: Dec 4, 2024
- Updated On: Jan 31, 2025
Description
Willing to consider all offers with a quick close! Immediate potential value add. 29 mixed-use units including 6-plex, manufactured, and RV homes. Month-to-month leases all under market. This 5.33-acre commercial property offers a prime investment opportunity just outside Bastrop (Austin area) city limits. Located directly on Highway 71, the site includes a 6-plex, 10 anchored modular homes, 10 RVs, and 3 RV spaces. Tenants handle their own utility expenses, billed monthly. On-site maintenance is managed by a resident couple in exchange for RV rent, utilities, and a monthly stipend. Neighboring commercial developments and high-traffic visibility make this property an ideal choice for potential billboard and food truck income. Rents are below market, with a 15-20% increase feasible as well as potential for billboards and food trucks. Positioned near gas stations, retail, and the rapidly developing growth, this property presents substantial growth and income potential.
Location
Greater Austin, TX
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 29 |
| Total Occupancy: | 100.0 % |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Net Operating Income: | $321,279 |
RV Information
| Number of RV Lots: | 3 |
Utility Information
| Water: | City |
| Sewer: | Septic |