Is 3 Acres with a 2020 mobile home 2 septics and 2 meters worth $200K

Is 3 Acres with a 2020 mobile home 2 septics and 2 meters worth $200K

Investor · San Antonio Tx · Member since 2024 · 22 posts · 7 votes

Hello I picked up a deal just outside of 1604 near San Antonio that I believe is great opportunity. However, I received some feedback from one of my partners that the play here would be for an investor to subdivide or re plat the land for a multiple tenant situation. My question is if we are marketing this as land, is more value added from the 2020 mobile home or the multiple utility hook ups? Land in this area is going for about 60K/Acre.

Thanks!

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  • Justin BrickmanBusiness Member
    Realtor · San Antonio, TX · Member since 2021 · 502 posts · 274 votes
    1y

    If you can split each into 3 or more lots and put a 2020 mobile home on each lot, I think you would get more bang for your buck. The more acres sold together, the cheaper the buyer can get it for most times

  • Investor · San Antonio Tx · Member since 2024 · 22 posts · 7 votes
    1y

    That makes sense! Thanks Justin. We pick up quite a few plots of land so I'm just trying to make sure we're pricing them right! 

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