24369 Bingham Creek Rd 12 Unit Mobile Home Park $2,124,765 CAD ($177,064 CAD/Unit) 12% Cap Rate Leander, TX 78641

Bingham Creek Residences presents the opportunity to acquire an established residential income property situated on approximately 10 unrestricted acres in the rapidly growing Leander, Texas market. The property currently operates as a diversified residential rental community consisting of twelve rentable residences, including a primary residence, a detached garage apartment, three tiny homes, and additional residential rental units. When the current owners acquired the property in 2023, the community consisted of the primary residence, detached garage apartment, and three tiny homes. Since that time, seven additional residential units have been added along with supporting utility infrastructure, creating a substantially expanded residential rental operation. The property is being offered as a turn-key investment with existing rental income, established infrastructure, and multiple housing types that provide a diversified rental portfolio within a single property. Improvements include a shared well, multiple septic systems, established electrical service, internal roadways, solar panels on the primary residence, and a swimming pool. The current gross scheduled annual income is approximately $158,820, with ownership projecting stabilized gross annual income of approximately $205,020 as remaining opportunities are realized. A detailed rent roll, income and expense information, and supporting due diligence materials are available to qualified purchasers. In addition to its current operation, the property offers future owners the opportunity to evaluate operational efficiencies based on their individual investment strategy. Buyers may wish to explore occupancy stabilization, utility management strategies, and other operational improvements through their own due diligence. The property's unrestricted acreage and existing infrastructure may also warrant evaluation for future expansion opportunities, subject to governmental approvals, utility capacity, and buyer verification. The property benefits from its location within one of Central Texas' strongest growth corridors, offering convenient access to Leander, Cedar Park, Georgetown, Liberty Hill, Downtown Austin, Austin-Bergstrom International Airport, Tesla Gigafactory Texas, and other major employment centers throughout the Austin metropolitan area. Out of respect for the property's residents, all showings are by appointment only. Please do not enter the property or disturb tenants. Qualified buyers will receive additional information and coordinated access through the listing broker. Seller financing may be available for qualified buyers under mutually acceptable terms. Ideal Investor Profile: Private investors seeking an established residential income property, 1031 exchange buyers, residential rental operators, tiny home community operators, manufactured housing investors, and family offices or long-term hold investors.