

Listed by Homestead & Ranch Real Estate
$1,778,160
Spring Crossing Mobile Home Park
Details
Property Type Multifamily, Mixed Use
Sub Type Residential, Commercial
Units 24
Cap Rate 5.95%
NOI $105,869
Occupancy 100%
Tenancy Multi
Year Built 1985
Buildings 1
Acreage 14.880
Zoning OCL
Investment Type Owner/User
Ground Lease No
Loading Docks 1
Sale Condition 1031 exchange
Platted Mobile Home Park located in San Antonio, TX on New Sulphur Springs near Loop 410
Marketing description
- Turn-Key Income Producing Property with option to expand
- 14.88 acres / 23 Lots (now 24 lots), approximately 5 acres undeveloped
- 12,000sf Warehouse (potential multi-tenant leasing income)
- Septic/Aerobic Systems, Sewer Now Available
For Sale - Spring Crossing Mobile Home Park, San Antonio Texas
(7320 New Sulphur Springs Road, San Antonio, Texas 78263)
~ Listed at $1,778,160
~ A 12,000-square-foot warehouse building currently used for storage by the property owner and has potential multi-tenant rental income.
~ Property located approximately 3 miles from Loop 410 and convenient to businesses, schools, shopping and restaurants.
~ The sewer expansion is a huge part of the future development on undeveloped land that is already platted MHP. The sewer expansion was completed in July 2024.
Please click the Google Drive link (below) to better understand the potential MHP expansion within the already platted mobile home park vacant land.
Google Maps Drive https://goo.gl/maps/fEdtjX67auELhqHV9
- Land: 14.88 acres (platted Mobile Home Park located in ETJ - survey attached)
- Frontage +/- 3 acres (potential RV expansion) is in the 100 flood plain
- Warehouse Building (building size +/- 12,000sf; potential leasing income)
- Land w/ Developed Lots +/- 6 acres (currently 23 MH lots adding 1 more); paved road through the park
- Undeveloped Land +/- 5 acres (potential MH Lots expansion)
- https://www.sanantonio.gov/Planning/PlanningUrbanDesign/Annexation#233953653-extraterritorial-jurisdiction-etj
- 24 Mobile Home Lots (currently 23 MH lots and splitting one lot that just moved out into 2 lots)
- Currently on Septic:
- 20 Septics
- 3 Aerobic Systems
- 1 Aerobic System for Warehouse
- Sewer Expansion (completion July 2024):
- Lift station across the street from MHP
Let me know if you have any questions or like to schedule a time to visit the property.
Thank you, Melissa
Investment highlights
- Turn-Key | Income Producing
- Potential Development Expansion
- Potential Increase Rental Income
- Sewer Expansion along New Sulphur Springs Road
- Long Term Rental Retention
Listing Contacts


Listed by Homestead & Ranch Real Estate
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$105,869.00
$8,822.42/mo
Valuation Metrics
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DSCR
5.95%
Cap Rate
5.95%
ROI
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