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$ 2,125,000
Est. payment /mo
New
900 Odessa ST Kingsland, TX 78639
1,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mobile Home Park
Listing Status Active
Purchase Type For Sale
Square Footage 1,000 sqft
Price per Sqft $2,125
Subdivision Royal Oaks Estates 6
MLS Listing ID 9411086
Year Built 2020
Annual Tax Amount $259
Tax Year 2025
Lot Size 1.966 Acres
Acres 1.9659
Property Sub-Type Mobile Home Park
Source actris
Property Description
Excellent investment opportunity featuring 14 single-wide 3BR/2BA homes (approximately 1,000 sq ft each) on individual 0.10-acre lots. This well-maintained park is 100% occupied and benefits from strong, consistent rental demand in the growing Lake LBJ corridor. Each unit rents for $1,400 per month, providing reliable cash flow, with tenants either responsible for utilities or units operating under gross rents. Operating expenses average roughly 35% of gross income, in line with typical small-park performance. Based on current financials, investors can expect a 7%–8% cap rate, with room for upside through modest rent increases or utility restructuring. Conveniently located near schools, shopping, and year-round recreation, the property is well-positioned to capitalize on Kingsland's steady population growth and demand for affordable housing. A rare turnkey, stabilized MH park offering dependable income and long-term stability in Central Texas.
Location
State TX
County Llano
Interior
Heating Central
Cooling Central Air
Flooring Vinyl
Fireplace No
Exterior
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Total Parking Spaces 14
Building
Sewer MUD
Water Public
Structure Type See Remarks
New Construction No
Others
Special Listing Condition Standard
Listed by eXp Realty, LLC