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.
Listed by:
Lake Life Team-eXp Realty
Source:
TXHLMLS