$1,011,000
For more information regarding the value of a property, please contact us for a free consultation.
12,133 SqFt
SOLD DATE : 03/08/2022
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 12,133 sqft
Price per Sqft $80
Subdivision Fentress Star Mh Park
MLS Listing ID 456913
Sold Date 03/08/22
Construction Status Resale
HOA Y/N No
Lot Size 5.110 Acres
Acres 5.11
Property Description
INCOME PRODUCING PROPERTY!! $8,875 PER MONTH GROSS INCOME. This mobile home park has 10 owned units that are rented out monthly and 6 rented mobile home spaces. There are also 2 vacant RV Hook up and there is one vacant Mobile home space. This property has a very low vacancy rate and stays full! This property is located in an ideal location and the overhead is low making this a very strong cash-flowing property. All units are individually metered and utilities are paid by the tenants. Estimated Annual Net Income is $91,057.50 or $7,588.12 per month. The seller does not have a property manager and they maintain the grounds themselves. Their only costs are insurance, taxes and vacancy/make readies when needed. Insurance was $851 for liability and $3,209 for trailers for 2020. Each unit had a water meter owned by Fentress Star Mobile Home Park but the tenants pay for the bill and each unit is individually metered in the tenants’ name.
Location
State TX
County Caldwell
Interior
Heating Other, See Remarks
Fireplace No
Exterior
Garage Parking Space(s)
Community Features None
Utilities Available Other, See Remarks
Amenities Available None
View Y/N No
View None
Accessibility Level Lot
Building
Entry Level Other
Foundation Other, See Remarks
Sewer Septic Tank
Level or Stories Other
Construction Status Resale
Schools
School District Prairie Lea Isd
Others
Tax ID 26735
Financing Conventional
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Shelly Barnes-Moore • Lloyd Barnes Real Estate Team
13276 Research Blvd, Suite # 107, Austin, Texas, 78750, United States