Mobile Home Park Details
- Cap Rate: 7.0% (Actual)
- Listing ID: 6782461
- Posted On: Dec 4, 2024
- Updated On: Jan 31, 2025
Description
Willing to consider all offers that can close quickly! Located just 15 minutes from Austin-Bergstrom International Airport, the property features 4 permanent modular homes with tenants responsible for their own utilities. Current rents are below market, with a potential increase of 10-15%. The site includes on-site maintenance provided by a resident in exchange for subsidized rent and offers additional income potential from two food trailer spots. Surrounded by growing developments, gas stations, and a small strip mall, this property is well-positioned to capitalize on the area's rapid growth. 1-Acre Investment Property on Highway 21 offers an excellent commercial investment opportunity near Tesla, SpaceX, Starlink, Neuralink, and the Boring Company.
Location
Austin, TX metro area
Park Information
| Number of MH Lots: | 4 |
| Total Occupancy: | 100.0 % |
| Size: | 1 acre(s) |
Financial Information (Actual)
| Net Operating Income: | $63,318 |
Utility Information
| Water: | City |
| Sewer: | Septic |