10 Acres in Kerrville, TX - $985,000

This immaculately maintained 10 acres contains a unique opportunity to won a Mini-Park/multi-family operation. With five leased mobile homes ranging from 1568sf to 672sf, this income producing opportunity provides a nice annual revenue stream with low operating expenses and allows for plenty o 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 existing units. The current gross annual revenue is $84,060. All of the units are currently leased and each unit has their own electric meter as well as privately fenced yard. Three 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 built in 2017, two built in 2009, and one was built in 1986, but was completely remodeled in 2022. Each tenant is required to have renter's insurance and pays for their own utilities except water and septic. Tenants also maintain their own yards, but the owner maintains the grounds and access roads. The property is fully fenced and has a wet weather creek and pond. The units are service by a private 480' deep well with new pump installed in 2020, and a 2500 gallon storage tank with a new booster pump installed in 2022. This property is ideal for an investor or someone looking to supplement their income or a buyer who wants land to build on while experiencing a nice cash flow. - 11/10/2023 12:00:45 PM