385 Camino Real Active Save Request In-Person Tour Request Virtual Tour
Kerrville,TX 78028
Key Details
Property Type Commercial
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 1719199
Annual Tax Amount $84,150
Tax Year 2024
Lot Size 10.000 Acres
Property Sub-Type See Remarks
Property Description
Picturesque 10-acre multi-family mobile home community, offering positive cash flow with 5 units, and room to grow. NOI is $74,779.00, yielding a 7.59 cap rate. The property is fully fenced and has a wet weather creek and pond. The units are serviced by a 480' deep well which had a new pump installed in 2020, and also has a 2500 gallon storage tank and new booster pump installed in 2022. There is a spacious 18x30 metal workshop that currently stores the owner's equipment. The five residential units are well maintained ranging from 1986-2018, with remodels in 2022.Each unit has a private fenced yard and views of the hills. The interior road provides access to each unit, and also to future sites.
Seller may consider owner financing with qualified buyer with a 25 or 30 year amortization and a balloon payment in full at the end of year 5 with a competitive APR. 20% down payment. All terms are negotiable and may be adjsted based on credit worthiness, down payment, price and other factors. Seller has the right to refuse a seller finance senario to any buyer.
Agent open for all showings. 24 hours advance notice is appreciated. No interior tours are allowed until the property is under contract, however, additional photos are available.
Location
State TX
County Kerr
Zoning OCL
Interior
Heating Central
Cooling Central Air
Exterior
Utilities Available Electricity Connected,Water Connected
View Hill Country,Trees/Woods
Building
Water Private
Structure Type Wood Siding
New Construction No
Others
Acceptable Financing Cash,Owner May Carry
Listing Terms Cash,Owner May Carry
Special Listing Condition Standard