83 Roots Rd 6 Unit Mobile Home Park $1,212,286 CAD ($202,048 CAD/Unit) 8.40% Cap Rate Martindale, TX 78655
INVESTMENT HIGHLIGHTS
- Turn-key and cash flowing
- 100% occupied
- Near San Marcos
- 3 acres and 6 mobile homes - individual parcel surveys available
- 7.5% cap rate
- Upside in rents for additional income
EXECUTIVE SUMMARY
Cash Flow Mobile Home Park Land For Sale Near San Marcos, Texas
Rare turn-key investment property! Income-producing mobile home park for sale: a total of three acres with 6 units. With no restriction or zoning, this 100% occupied property is at a 7.5% Cap Rate! This low-maintenance cash flow property is located minutes away from Toll 130 & IH-35 and nearby big franchises. Surveys for each parcel are available. Even with a gross income of $8294 monthly, there's room for higher income to meet the market! An ideal property for those looking to invest in Central Texas real estate or a 1031 exchange opportunity.
Rare turn-key investment property! Income-producing mobile home park for sale: a total of three acres with 6 units. With no restriction or zoning, this 100% occupied property is at a 7.5% Cap Rate! This low-maintenance cash flow property is located minutes away from Toll 130 & IH-35 and nearby big franchises. Surveys for each parcel are available. Even with a gross income of $8294 monthly, there's room for higher income to meet the market! An ideal property for those looking to invest in Central Texas real estate or a 1031 exchange opportunity.
PROPERTY FACTS
| Price | $1,212,286 CAD |
| Price Per Unit | $202,048 CAD |
| Sale Type | Investment |
| Cap Rate | 8.40% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 2.99 AC |
| Building Size | 9,392 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1992 |
| Parking Ratio | 0.64/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | None - No Restrictions |
AMENITIES
SITE AMENITIES
- Pet Play Area
- Pond
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 1 | - | 1,224 |
| 3+2 | 3 | - | 1,560 - 1,568 |
| 4+2 | 2 | - | 1,456 - 2,016 |
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CONTACT
-
Neha Rabbani -
Land Up Realty & Investments
