Contact Information

Mobile Home Park Details

  • Price: $4,250,000
  • Cap Rate: 7.6%
  • Listing ID: 6782453
  • Posted On: Dec 4, 2024
  • Updated On: Dec 16, 2024

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

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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

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