$1,011,000
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12,133 SqFt
SOLD DATE : 03/08/2022
Key Details
Property Type Mobile Home
Sub Type Mobile Home
Listing Status Sold
Purchase Type For Sale
Square Footage 12,133 sqft
Price per Sqft $80
Subdivision Fentress Star Mh Park
MLS Listing ID 457083
Sold Date 03/08/22
Style Other
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
Fireplaces Type None
Fireplace No
Appliance Other, See Remarks
Laundry Other, See Remarks
Exterior
Fence Other, See Remarks
Pool None
Utilities Available Other, See Remarks
View Y/N No
View None
Roof Type Other,See Remarks
Accessibility Level Lot
Building
Lot Description 5-10 Acres
Entry Level Other
Foundation Other, See Remarks
Sewer Septic Tank
Architectural Style Other
Level or Stories Other
Construction Status Resale
Schools
School District Prairie Lea Isd
Others
Tax ID 26735
Acceptable Financing Cash, Conventional, Other, See Remarks
Listing Terms Cash, Conventional, Other, See Remarks
Financing Conventional
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Bought with Shelly Barnes-Moore • Lloyd Barnes Real Estate Team
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "