Property Details

Shown by appointment only. Unique income opportunity in this Mini-Park/multi-family operation on 10 unrestricted acres in Kerrville! With five leased mobile homes ranging from 1,568 Sf to 672 SF, this income producing opportunity provides a nice annual revenue stream with low operating expenses and allows for plenty of space to add more units, a small RV park, as well as a private area for an owner's new home set far enough away from the existing units. The current gross annual revenue is $84,000. All of the units are currently leased and each unit has their own electric meter as well as private yard area. Three of the units offer three bedrooms, while the other two offer two bedrooms. The newest unit was built in 2018, but was not lived in until 2021, one was built in 2017, two were built in 2009 and one was built in 1986, but was completely remodeled in 2022. Each tenant pays their own electric bill as well as their own internet and trash. Tenants are responsible for their own yard maintenance, while the owners maintain the road and the common area grass. The property is fully fenced and has a wet weather creek and pond. The units are serviced by a private 480' deep well which had a new pump installed in 2020 and also has a 2,500 gallon storage tank along with a new booster pump in 2022. There is an 18X30 metal workshop that currently stores the owner's equipment, a spacious insulated well pump house and storage shed. The interior road that services the units is a well maintained caliche road. Ideal for an investor or someone looking to supplement their income or a buyer who wants land to build on while experiencing a nice monthly income. Seller will consider seller financing with a minimum of 40% down, but prefers a cash offer.