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Corporate Housing Asset 146 County Road 329 21 Unit Mobile Home Park $1,316,713 ($62,701/Unit) 11% Cap Rate Kenedy, TX 78119
Investment Highlights
- 146 Country Road 329 presents a turnkey operation of six buildings with 21 beds/ rentals for corporate housing.
- Nestled in a quiet, peaceful, park-like setting and includes patio furniture, provided BBQ grills, cleaning service, and other built-in amenities.
- Cash flow as seen by the 11% cap rate with value-add via 5 acres left to build on plus two storage units for the property.
- Well maintained property with completely furnished units including washer and dryers, and tv, internet, and cable.
Executive Summary
Resolute RE proudly presents the income-generating corporate housing asset at 146 CR-329 in Kenedy, Texas, to the market as a stabilized investment opportunity. Sprawling 8.93 acres at the northeast quarter of Country Road 329 and Country Road 330. The site is improved by six buildings offering 21 beds/ rentals, currently 81% occupied and generating a cap rate of 11%. There is one storage shed on-site, as well as utilities. This is a turnkey operation for an investor looking to expand their portfolio and acquire a hands-off asset.
Property Facts
| Price | $1,316,713 | Apartment Style | Garden |
| Price Per Unit | $62,701 | Building Class | C |
| Sale Type | Investment | Lot Size | 9.08 AC |
| Cap Rate | 11% | Building Size | 10,000 SF |
| No. Units | 21 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2012 |
| Property Subtype | Manufactured Housing/Mobile Home | Opportunity Zone |
Yes
|
| Zoning | No zoning | ||
| Price | $1,316,713 |
| Price Per Unit | $62,701 |
| Sale Type | Investment |
| Cap Rate | 11% |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 9.08 AC |
| Building Size | 10,000 SF |
| No. Stories | 1 |
| Year Built | 2012 |
| Opportunity Zone |
Yes |
| Zoning | No zoning |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+4 | 5 | - | 1,700 - 1,900 |
1 1
Property Taxes
| Parcel Number | 108-5141 | Improvements Assessment | $52,456 |
| Land Assessment | $20,000 | Total Assessment | $72,456 |
Property Taxes
Parcel Number
108-5141
Land Assessment
$20,000
Improvements Assessment
$52,456
Total Assessment
$72,456
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Corporate Housing Asset | 146 County Road 329
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