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$2,125,000
Est. payment /mo
1,000 SqFt
UPDATED:
Key Details
Property Type Townhouse, Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,000 sqft
Price per Sqft $2,125
MLS Listing ID HLM175796
Year Built 2024
Lot Size 1.950 Acres
Acres 1.95
Lot Dimensions 447 X 202 X 394 X 103
Property Sub-Type Commercial
Source highland
Property Description
Excellent investment opportunity offering 14 single-wide 3BR/2BA homes (~1,000 sq ft each) on individual 0.10-acre lots. This well-maintained park is 100% occupied with strong, consistent rental demand in the growing Lake LBJ corridor. Each unit rents for $1,400/month, providing reliable cash flow with tenants responsible for their own utilities or structured as gross rents. Operating expenses average ~35% of gross income, aligning with typical small-park performance. Based on current numbers, investors can expect a 7%–8% cap rate, with potential upside through modest rent increases or utility restructuring. Located close to schools, shopping, and year-round recreation, this property benefits from Kingsland's steady population growth and demand for affordable housing. A rare turnkey, stabilized MH park offering solid income and long-term stability in Central Texas.
Location
State TX
County Llano
Interior
Heating Central, Electric
Cooling Central Air
Flooring Vinyl
Building
Sewer Public Sewer
Water Public
Others
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Listed by Lake Life Team-eXp Realty
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Beata Burgeson
Broker Associate | License ID: 513236
Broker Associate License ID: 513236