296 Vasbinder Ln, La Vernia, TX 78121

Property Description

PRICED BELOW APPRAISAL - MOBILE HOME PARK INVESTMENT OPPORTUNITY IN LA VERNIA! Unlock the potential of this 5.99-acre mobile home park investment in the rapidly growing community of La Vernia. This property offers an excellent combination of existing cash flow, established infrastructure, and future development potential. The property currently features 5 developed mobile home spaces, with 3 spaces leased month-to-month and 2 currently vacant, providing an immediate opportunity to increase occupancy and income. The occupied spaces are home to tenant-owned mobile homes, allowing an investor to generate rental income from the spaces without owning the homes. Separate electric meters are already in place. The property also includes an 18' x 77' Palm Harbor manufactured home offering 3 bedrooms and 2 bathrooms, along with a detached storage building and a livestock pen with covered barn area. With nearly 6 acres and additional usable land, there is potential to expand the number of mobile home spaces, subject to applicable approvals and infrastructure requirements. Possible sewer expansion could further enhance the property's future development potential. Whether you're looking to expand an existing portfolio, increase occupancy and cash flow, or capitalize on future development, this property offers multiple avenues for value creation. Bring your vision and take advantage of the existing income stream and significant upside potential this La Vernia property has to offer.