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$ 2,125,000
Est. payment /mo
Active
1-16 Odessa Kingsland, TX 78639
1,000 SqFt
UPDATED:
Key Details
Property Type 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 and 2 efficiency cabins. This well-maintained park is 90% 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
Appliance Dishwasher, Electric Range, Refrigerator, Washer Hookup
Building
Sewer Public Sewer
Water Public
Others
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Listed by Lake Life Team-eXp Realty
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