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Description Open House Details Location Market Trends Schools
$985,000 Est. $3,627 / mo.*

385 Camino Real Kerrville , TX 78028

Property listed by Phyllis Browning Company 210-824-7878 (210) 824-7878

Description

: Other
Status: Active
Days on Website: 44
Picturesque 10-acre multi-family mobile home community, offering positive cash flow with 5 units, and room to grow. NOI is $74,779.00, yielding a 7.59 cap rate. The property is fully fenced and has a wet weather creek and pond. The units are serviced by a 480’ deep well which had a new pump installed in 2020, and also has a 2500 gallon storage tank and new booster pump installed in 2022. There is a spacious 18x30 metal workshop that currently stores the owner’s equipment. The five residential units are well maintained ranging from 1986-2018, with remodels in 2022. Each unit has a private fenced yard and views of the hills. The interior road provides access to each unit, and also to future sites. Seller may consider owner financing with qualified buyer with a 25 or 30 year amortization and a balloon payment in full at the end of year 5 with a competitive APR. 20% down payment. All terms are negotiable and may be adjsted based on credit worthiness, down payment, price and other factors. Seller has the right to refuse a seller finance senario to any buyer. Agent open for all showings. 24 hours advance notice is appreciated. No interior tours are allowed until the property is under contract, however, additional photos are available.

Open House

Property Details and Features

Property Access
Caliche
Appliances & Equipment
ElectricOven
Refrigerator
Bathrooms
9 full bathrooms
9 total bathrooms
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Contact an Agent

Valerie Navejas

512-517-2500 512 426-3101

Location

$985,000 -
385 Camino Real Kerrville , TX 78028
County: Kerr

Street View

Nearby Schools

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