385 Camino Real Active Save Request In-Person Tour Request Virtual Tour
Kerrville,TX 78028
Key Details
Property Type Single Family Home, Vacant Land
Sub Type See Remarks
Listing Status Active
Purchase Type For Sale
Square Footage 5,192 sqft
Price per Sqft $189
Subdivision Hidden Valley Ranch
MLS Listing ID 1194932
Bedrooms 13
Full Baths 9
Annual Tax Amount $3,484
Tax Year 2024
Lot Size 10.000 Acres
Property Sub-Type See Remarks
Property Description
We are pleased to present an exceptional investment opportunity featuring a fully occupied mobile home community in “Kerrville South,” located in Kerrville, Kerr County, Texas. This turnkey investment offers immediate cash flow with strong fundamentals and a proven rental history. Seller financing may be available for qualified buyers.
FINANCIAL HIGHLIGHTS
• Gross Revenue: $84,640
• Fixed Expenses:
o Taxes: $3,484 (2024)
o Insurance: $3,800
• Picturesque hill country setting with 5 mobile home units included (5,192 sq ft total)
• Private fenced yards and car ports, all positioned to take advantage of the views and mature trees for ultimate enjoyment and privacy
• 2,500-gallon water storage tank with booster pump
• Interior gravel road system
• Wet weather creek and pond
• 18x30 metal workshop included; tractors, equipment and supplies may be purchased with separate offer for non-realty items
• OCL Zoning - No restrictions
• Seller financing option available for qualified buyers
EXPANSION POTENTIAL
• Significant underdeveloped land on 10-acre site
• Potential for additional units
• Existing infrastructure supports growth
INVESTMENT STRENGTHS
? Above-market cap rate in stable market
? Low maintenance mobile home community
? Established tenant base with regular rent increases
? Diversified income from 5 separate units
? Well managed by owner
? Water-secure with centralized well and access to a public water supply with Texas Utilities (administrative fees, hook-up fees and infrastructure costs may apply)
Location
State TX
County Kerr
Area Out Of Area
Interior
Heating Central
Cooling Central Air
Flooring Wood
Exterior
Fence Fenced
Pool None
Community Features Common Grounds
Utilities Available Electricity Connected,Water Connected
Waterfront Description None
View Hill Country,Trees/Woods
Roof Type Shingle
Building
Lot Description Level
Sewer Private Sewer
Water Private
Structure Type Wood Siding
New Construction No
Schools
Elementary Schools Outside School District
Middle Schools Outside School District
High Schools Outside School District
School District Kerrville Isd
Others
Acceptable Financing Cash,Conventional,Owner May Carry,See Remarks
Listing Terms Cash,Conventional,Owner May Carry,See Remarks
Special Listing Condition Standard