The property, 2.438 acres is improved with a total of 14 rental units: 2 duplexes, 3 manufactured homes and 7residential structures. There is also a barn for storage or rental Current income for 11/2020 thru 10/2021 was$127,940.25 with expenses of $28,049 for an NOI of $99,440.89. The owner owns free and clear and is self insured. Allocating $11,000 for insurance estimated annual cap rate is approximately 7.37%. There are six water meters and some water is submetered. Permits are available for 12 OSSF systems. 7 of the properties are located in the FEMA 100Yr Flood Plain, only 5 have flooded. Elevation Certificates available with current survey. The property is professionally managed by Asset Management Inc. in San Marcos.
Listing Agent: John McCrocklin Courtesy of: Texias, LLC Listing information provided courtesy of the Four Rivers Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Updated: 23rd January, 2022 6:42 PM