900 Odessa Street, #1-16, Kingsland, TX 78639

$2,125,000
Active for Sale
 
Listing ID 55017292
Property Type Commercial
County Llano
Unit 1-16
Total Tax $259
Tax ID 41231
FEMA Flood Map fema.gov/portal
Year Built 2020
Virtual Tour
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.
Property Details
  • 1.97 Acres
  • 85634 SF Lot
  • Built in 2020
  • Unit 1-16
Interior Features
  • Vinyl Flooring
  • Central A/C
Exterior Features
  • Community Water
  • Subdivision: Royal Oaks Estates 6
Income/Expenses
  • Net Income $152,880
Taxes and Fees
  • $259 Total Tax
  • Tax Year 2025
Listed By
eXp Realty, LLC
Office: 888-519-7431
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