385 Camino Real, Kerrville, TX 78028
385 Camino Real, Kerrville, TX 78028
385 Camino Real, Kerrville, TX 78028
67
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$949,000
Est. payment /mo
10 Acres Lot
Price Dropped by $31K

385 Camino Real Kerrville, TX 78028

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Key Details

Property Type Commercial

Sub Type Hotel/Motel/Mbl Home Park

Listing Status Active

Purchase Type For Sale

MLS Listing ID 124100

Lot Size 10.000 Acres

Lot Dimensions 10acres

Property Sub-Type Hotel/Motel/Mbl Home Park

Property Description

INSTANT Income Producing,Investment, "Mom & Pop" Community, 8% Cap Rate,long history of little to no vacancy & plenty of room to expand (more income!) 10 Acres,groomed,usable,perimeter fenced, unrestricted.Wet weather creek meanders the property to a pond that can be lined to hold water. 5 updated,meticulously maintained manufactured homes each with fenced yard,views from deck & covered parking. Each tenant maintains own yard,pays own electric & holds renter's ins. The deep Trinity well has newly replaced lines, parts,pumps & 2500 gal storage tank which adequately services all homes and plenty of capacity for more. Don't like that? A public water system ends next door and can be extended to this property for a low cost. Please refer to documents for a list of the year models, and bed/bath setups. DO NOT enter the property without a Realtor. All Realtors to call listing agent for gate code. Continued safety & security is a priority for this tight-knit community. Tenants rights, proof of funds & seller financing available. Owner does walkthru of houses often(per seller) what you see in the pictures is the current state of the interiors (plus personal effects). 1031 Exchange welcomed

Location

State TX

County Kerr

Area 44-Upper Turtle Creek Area

Zoning None

Interior

Heating Central, Electric

Cooling Central Air, Electric

Flooring Carpet, Simulated Wood, Vinyl

Exterior

Parking Features 21-50

Utilities Available Electricity Connected, Garbage Service-Private

Waterfront Description Creek-Seasonal,Pond,Other-See Remarks

View Y/N Yes

View Exceptional View

Roof Type Composition,Other-See Remarks

Building

Lot Description Level, Mobile Home Park, Partially Wooded

Foundation Pier & Beam

Sewer Septic Unlicensed

Water Well

Schools

Elementary Schools Nimitz

Others

Acceptable Financing Cash, Conventional, Owner Will Carry, Texas Vet, Private Financing Available

Listing Terms Cash, Conventional, Owner Will Carry, Texas Vet, Private Financing Available

Virtual Tour https://photos.app.goo.gl/TknSpV47ZLrAAubP6


Listed by Bock & Co LLC

NEARBY SCHOOL & BUSINESS

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Ryan Rendon

Ryan Rendon

Agent | License ID: 699528

+1(830) 890-1943

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385 Camino Real