385 Camino Real Active Save Request In-Person Tour Request Virtual Tour
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 5098657
Bedrooms 13
Full Baths 9
Tax Year 2023
Lot Size 10.000 Acres
Property Description
Picturesque 10-acre multi-family mobile home community, offering positive cash flow with 5 units, and room to grow. NOI is $74,935.00, yielding a 7.6 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.
Location
State TX
County Kerr
Interior
Heating Central
Cooling Central Air
Exterior
Fence Fenced
Pool None
Community Features Common Grounds
Utilities Available Electricity Connected,Water Connected
Waterfront No
Waterfront Description None
View Hill Country,Trees/Woods
Roof Type Shingle
Building
Lot Description Level
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
Acceptable Financing Cash,Conventional,Owner May Carry
Listing Terms Cash,Conventional,Owner May Carry
Special Listing Condition Standard,See Remarks