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$ 2,125,000

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Active

900 Odessa ST Kingsland, TX 78639

1,000 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Mobile Home Park

Listing Status Active

Purchase Type For Sale

Square Footage 1,000 sqft

Price per Sqft $2,125

Subdivision Royal Oaks Estates 6

MLS Listing ID 9411086

Year Built 2020

Annual Tax Amount $259

Tax Year 2025

Lot Size 1.966 Acres

Acres 1.9659

Property Sub-Type Mobile Home Park

Source actris

Property Description

Excellent investment opportunity featuring 14 single-wide 3BR/2BA homes (approximately 1,000 sq ft each) on individual 0.10-acre lots. This well-maintained park is 100% occupied and benefits from strong, consistent rental demand in the growing Lake LBJ corridor. Each unit rents for $1,400 per month, providing reliable cash flow, with tenants either responsible for utilities or units operating under gross rents. Operating expenses average roughly 35% of gross income, in line with typical small-park performance. Based on current financials, investors can expect a 7%–8% cap rate, with room for upside through modest rent increases or utility restructuring. Conveniently located near schools, shopping, and year-round recreation, the property is well-positioned to capitalize on Kingsland's steady population growth and demand for affordable housing. A rare turnkey, stabilized MH park offering dependable income and long-term stability in Central Texas.

Location

State TX

County Llano

Area Ll

Interior

Heating Central

Cooling Central Air

Flooring Vinyl

Fireplace N

Exterior

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Accessibility None

Total Parking Spaces 14

Building

Sewer MUD

Water Public

Structure Type See Remarks

New Construction No

Others

Restrictions None

Acceptable Financing Cash, Conventional

Tax Rate 1.2121

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by eXp Realty, LLC • Katie Simon

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(855) 856-9466

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