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1321 Harris Hill Rd 14 Unit Mobile Home Park $1,917,204 CAD ($136,943 CAD/Unit) 5.71% Cap Rate San Marcos, TX 78666
Investment Highlights
- STEADY EARNER
- MID TO LONG TERM COVERED LAND PLAY IN ETJ ADJOINING HIGH GROWTH SAN MARCOS
- RECENT CAPITAL IMPROVEMENTS
Executive Summary
EXCELLENT COVERED LAND PLAY WITH ROBUST INCOME. 14 UNITS (10 DETACHED SINGLE FAMILY, 2 DUPLEXES) WITH EXTENSIVE RECENT CAPITAL IMPROVEMENTS. MIX OF OLDER SITE BUILT HOMES AND NEWER MANUFACTURED UNITS. OPERATING INCOME $174,000+. 2024 NOI NEAR $80.000. TOTAL OPERATING INCOME SAW 11.88% YOY GROWTH FROM 2023 TO 2024 DUE TO IMPROVEMENTS. LOW VACANCY RATE. NEWER DEVELOPMENT CLOSE BY, LONG TERM PLAY HIGHER DENSITY, HIGHER QUALITY MULTISTORY INCOME PROPERTY. ADJOINS CITY LIMITS OF HIGH GROWTH SAN MARCOS BUT IN DEVELOPER-FRIENDLY ETJ.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,917,204 CAD | Apartment Style | Single-Family Home |
| Price Per Unit | $136,943 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 2.43 AC |
| Cap Rate | 5.71% | Building Size | 10,760 SF |
| Sale Condition | Redevelopment Project | Average Occupancy | 100% |
| Gross Rent Multiplier | 9.37 | No. Stories | 1 |
| No. Units | 14 | Year Built | 1980 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Manufactured Housing/Mobile Home | ||
| Zoning | ETJ - SAN MARCOS ETJ | ||
| Price | $1,917,204 CAD |
| Price Per Unit | $136,943 CAD |
| Sale Type | Investment |
| Cap Rate | 5.71% |
| Sale Condition | Redevelopment Project |
| Gross Rent Multiplier | 9.37 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 2.43 AC |
| Building Size | 10,760 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1980 |
| Opportunity Zone |
Yes |
| Zoning | ETJ - SAN MARCOS ETJ |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | R111293 | Total Assessment | $99,595 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $99,595 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
R111293
Land Assessment
$0 CAD (2025)
Improvements Assessment
$99,595 CAD (2025)
Total Assessment
$99,595 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Presented by
David Mosrie
1321 Harris Hill Rd
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