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Kerrville,TX 78028
Key Details
Property Type Single Family Home, Vacant Land
Sub Type See Remarks
Listing Status Active
Purchase Type For Sale
Square Footage 5,192 sqft
Price per Sqft $189
Subdivision Hidden Valley Ranch
MLS Listing ID 1194932
Bedrooms 13
Full Baths 9
Originating Board actris
Annual Tax Amount $3,484
Tax Year 2024
Lot Size 10.000 Acres
Lot Dimensions 709x677
Property Sub-Type See Remarks
Property Description
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.
Location
State TX
County Kerr
Rooms
Main Level Bedrooms 13
Interior
Heating Central
Cooling Central Air
Flooring Wood
Fireplace Y
Appliance Electric Oven,Refrigerator
Exterior
Fence Fenced
Pool None
Community Features Common Grounds
Utilities Available Electricity Connected,Water Connected
Waterfront Description None
View Hill Country,Trees/Woods
Roof Type Shingle
Porch Porch
Private Pool No
Building
Lot Description Level
Faces Northwest
Sewer Private Sewer
Water Private
Structure Type Wood Siding
New Construction No
Schools
Elementary Schools Outside School District
Middle Schools Outside School District
High Schools Outside School District
School District Kerrville Isd
Others
Restrictions None
Acceptable Financing Cash,Conventional,Owner May Carry,See Remarks
Tax Rate 0.441772
Listing Terms Cash,Conventional,Owner May Carry,See Remarks
Special Listing Condition Standard