- For Sale $2,800,000
- Property Type Multi-Family
- Units 60
- Lot Size 20.06 Acre
- Cap Rate % 6
- Rental Income / YR 994097
- NOI / YR 641897
- Date Updated Mar 28, 2024
This is an 87% IRR / 3.5X multiple investment opportunity for an experienced developer. Build a 60 - 100 unit RV park / tiny home hotel with 10 additional acres of breathtaking nature preserve and amenities area. All predevelopment work, site design, and informal reviews have been completed. Could be breaking gound in as quickly as 150 days and completing construction as quickly as 14 months. Property has a path to full utility capacity, no zoning, and no city or county level restrictions. See attached Sales Information packet for more indepth details.
See attached Sales Information brochure for rent comparables, rent roll, construction budget, investment analysis, and more. I also have a Google Drive folder with additional supporting documents. Reach out to me for the link.
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Reach out to the broker for more info on lease terms and amenities
Attachments
Highlights
- 10 miles East of Austin, 2 miles North of Tesla's manufacturing plant, and surrounded by over 10,000 acres! of new development projects - including the new Walter E. Long redevelopment plan that will create Austin's newest and largest park and recreational area less than 2 miles away.
- 10+ acres of nature preserve with an all year creek, 1+ miles of hiking trails, 2 ponds, fire pits, and more
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Contacts
Location
Getting Around
-
Bike Score ®
15/100
Somewhat Bikeable
- City Manor, TX
- Zip Code 78653
- Market Austin
Points of Interest
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MLK Jr.
8.59 miles
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Plaza Saltillo
9.63 miles
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Valero Tesla Supercharger
2.41 miles
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Valero
2.41 miles
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Exxon
4.16 miles
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ENDEAVOR RE GRP CHD BLDG 5
4.19 miles
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ENDEAVOR RE GRP CHD BLDG 2
4.20 miles
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ENDEAVOR RE GRP CHD BLDG 4
4.21 miles
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ENDEAVOR RE GRP CHD LEASING
4.26 miles
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Exxon
5.11 miles
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Texaco
5.74 miles
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Chevron
5.76 miles
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Parking Building
6.07 miles
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The Parking Spot East
6.13 miles
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Airport Fast Park
6.47 miles
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Park & Zoom
6.72 miles
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Lot G
6.95 miles
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Lot C
7.06 miles
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Lot E
7.10 miles
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Lot F
7.17 miles
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Consolidated Rental Car Facility
7.18 miles
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TNC Staging Area
7.18 miles
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Quality Inn & Suites
5.88 miles
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Super 8 by Wyndham Austin/Airport North
6.19 miles
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Hilton Austin Airport
6.85 miles
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Hyatt Place Austin Airport
6.94 miles
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Sleep Inn & Suites Austin - Northeast
7.29 miles
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Candlewood Suites Austin North 290 & I 35
7.51 miles
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Extended Stay America - Austin - Austin Airport
7.66 miles
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aloft Hotel Austin Airport
7.83 miles
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Hilton Garden Inn Austin Airport
7.84 miles
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Tru by Hilton Austin Airport
7.89 miles
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Ramos Mexican
5.37 miles
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Big Country Grill
5.39 miles
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La Mexica
5.41 miles
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Domino's
5.89 miles
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Texas Traditional BBQ
5.89 miles
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Sonic
5.90 miles
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Taco Bell
5.98 miles
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McDonald's
5.99 miles
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El Pollo Rico
6.05 miles
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Casa Garcia's Mexican Restaurant
6.06 miles
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Hornsby-Dunlap Elementary School
1.72 miles
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Dailey Middle School
1.99 miles
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Blake Manor Elementary School
3.68 miles
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Travis State School
4.24 miles
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Decker Elementary School
4.45 miles
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Overton Elementary School
4.84 miles
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Jordan Elementary School
5.44 miles
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Gus Garcia Young Men's Leadership Academy
5.55 miles
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The East Austin College Prep at MLK
6.20 miles
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Manor High School
6.23 miles
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Primrose School
8.58 miles
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Ebenezer Baptist Church Child Development Center
9.79 miles
Frequently Asked Questions
What is the lease rate for Enchanted Forest RV Park & Tiny Home Resort?
Rental asking rate at Enchanted Forest RV Park & Tiny Home Resort is $1,400,000.00/YR.
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