Fentress, TX 78622,TBD Fentress Star RD

$1,011,000

Est.Price: ?

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Est. payment /mo

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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Listed by Andrew Phillips • Century 21 Randall Morris & As
Bought with Shelly Barnes-Moore • Lloyd Barnes Real Estate Team
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