385 Camino Real Rd 5 Unit Mobile Home Park $1,342,316 CAD ($268,463 CAD/Unit) 8.03% Cap Rate Kerrville, TX 78028

INSTANT Income Producing Community, 8% Cap Rate, long history of little to no vacancy & plenty of room to expand (more income!) 10 Acres, groomed, usable, perimeter fenced, unrestricted. Wet weather creek meanders the property to a pond that can be lined to hold water. 5 updated, meticulously maintained manufactured homes each with a private fenced yard, views from the deck, and covered parking. Each tenant maintains their own yard, pays their own electric and holds renter's ins. The deep Trinity well has newly replaced lines, parts, and pumps and 2500-gal storage tank which adequately services all homes and plenty of capacity for more. Don't like that? A public water system ends next door and can be extended to this property for a low cost. Please refer to documents for a list of the year models, and bed/bath setups. DO NOT enter the property without a Realtor. All Realtors to call listing agent for gate code. Continued safety & security is a priority for this tight-knit community. Tenants' rights, proof of funds and seller financing available. Owner does walkthroughs of houses often, so (per seller) what you see in the pictures is the current state of the interiors (plus personal effects).
Due to multiple tenants & work/sleep/pet situations, first showings are limited to the land and exteriors of homes. If Buyer is still interested, we'll get them into all of the units at a 2nd showing. This is a very tight knit family community. They take pride in their homes and safety is a priority. Please do not attempt to drive onto the property without permission or allow buyers to either.