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1524 16th St 9 Unit Mobile Home Park $1,841,724 CAD ($204,636 CAD/Unit) 7.33% Cap Rate Rockport, TX 78382
Investment Highlights
- 10 Acres with 9 units!
- Easy access to 35.
- Close to Cove Harbor in Rockport.
- Seller Financing Available!
Executive Summary
Opportunity Knocks for 10 acres in Rockport Texas! This investment property is right down the street from Cove Harbor. Come own an income producing Mobile Home Park with 8 units which consists of 4 2-bedroom/2-bath units and 4 units that 3-bedroom/2-bath units. that are fully leased. Each of these units is individually metered for electricity plus all the appliances including refrigerator. And don't forget about the 1797 square foot home that is fully furnished and is booked regularly for short term rentals which is booked just about every day in the summer during the summer. Already booking for next year as well. This home comes fully furnished, screened in swimming pool, and 800 square foot owner's shop. Expecting to be the best year yet on the short-term rental. The home could be used as a residence, and the new owner can just manage the mobile home park. There is at least 6 acres that is just vacant land. There are 7 septic's and 2 wells. Buyer responsible for due diligence. Seller Financing option Available!
Property Facts
| Price | $1,841,724 CAD | Building Class | C |
| Price Per Unit | $204,636 CAD | Lot Size | 10.04 AC |
| Sale Type | Investment or Owner User | Building Size | 8,700 SF |
| Cap Rate | 7.33% | No. Stories | 1 |
| No. Units | 9 | Year Built/Renovated | 1983/2018 |
| Property Type | Multifamily | Parking Ratio | 2.3/1,000 SF |
| Property Subtype | Manufactured Housing/Mobile Home | Opportunity Zone |
Yes
|
| Apartment Style | Single-Family Home | ||
| Zoning | F1 - Residential | ||
| Price | $1,841,724 CAD |
| Price Per Unit | $204,636 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.33% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 10.04 AC |
| Building Size | 8,700 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1983/2018 |
| Parking Ratio | 2.3/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | F1 - Residential |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Tub/Shower
- Wi-Fi
- Yard
- Dining Room
- Family Room
- Office
- Patio
- Workshop
Site Amenities
- Property Manager on Site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 4 | $1,842 CAD | 900 |
| 2+2 | 4 | $1,637 CAD | 900 |
| 3+2.5 | 1 | - | 1,797 |
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $476,615 CAD | |
| Land Assessment | $359,528 CAD | Total Assessment | $836,143 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$359,528 CAD
Improvements Assessment
$476,615 CAD
Total Assessment
$836,143 CAD
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1524 16th St
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