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1524 16th St 9 Unit Mobile Home Park $1,450,000 ($161,111/Unit) 6.83% Cap Rate Rockport, TX 78382
INVESTMENT HIGHLIGHTS
- 10 Acres with 9 units!
- Easy access to 35.
- Close to Cove Harbor in Rockport.
- Seller Financing Available!
EXECUTIVE SUMMARY
Opportunity Knocks for 10 acres in Rockport Texas! This investment property is right down the street from Cove Harbor. Come own an income producing Mobile Home Park with 8 units which consists of 4 2-bedroom/2-bath units and 4 units that 3-bedroom/2-bath units. that are fully leased. Each of these units is individually metered for electricity plus all the appliances including refrigerator. And don't forget about the 1797 square foot home that is fully furnished and is booked regularly for short term rentals which is booked just about every day in the summer during the summer. Already booking for next year as well. This home comes fully furnished, screened in swimming pool, and 800 square foot owner's shop. Expecting to be the best year yet on the short-term rental. The home could be used as a residence, and the new owner can just manage the mobile home park. There is at least 6 acres that is just vacant land. There are 7 septic's and 2 wells. Buyer responsible for due diligence. Seller Financing option Available!
PROPERTY FACTS
| Price | $1,450,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $161,111 | Building Class | C |
| Sale Type | Investment or Owner User | Lot Size | 10.04 AC |
| Cap Rate | 6.83% | Building Size | 8,700 SF |
| No. Units | 9 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1983 |
| Property Subtype | Manufactured Housing/Mobile Home | Opportunity Zone |
Yes
|
| Zoning | F1 - Residential | ||
| Price | $1,450,000 |
| Price Per Unit | $161,111 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.83% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 10.04 AC |
| Building Size | 8,700 SF |
| No. Stories | 1 |
| Year Built | 1983 |
| Opportunity Zone |
Yes |
| Zoning | F1 - Residential |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Tub/Shower
- Wi-Fi
- Yard
- Dining Room
- Family Room
- Office
- Patio
- Workshop
SITE AMENITIES
- Property Manager on Site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 4 | $1,350 | 900 |
| 2+2 | 4 | $1,200 | 900 |
| 3+2.5 | 1 | - | 1,797 |
1 1
PROPERTY TAXES
| Parcel Number | R65027 | Improvements Assessment | $76,700 |
| Land Assessment | $78,300 | Total Assessment | $155,000 |
PROPERTY TAXES
Parcel Number
R65027
Land Assessment
$78,300
Improvements Assessment
$76,700
Total Assessment
$155,000
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1524 16th St
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