1314 Shelbyville St - Manufactured Housing/Mobile Housing FOR SALE


Center, TX 75935
$1,250,000 USD
214-206-8654
1314 Shelbyville St, Center, TX for Sale
$1,250,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/8
null | Request Cap Rate

1314 Shelbyville St
Center, TX 75935


HIGHLIGHTS

  • 76-site community located in a stable, growing East Texas market.
  • Strong upside potential with current lot rents at $150, with neighboring park performing at $460 lot rent.
  • Further upside through increasing occupancy – sitting at 76% occupied with 58 lots filled
  • All lots individually metered water and electricity billed directly to tenant
  • All tenant owned homes
  • Limited availability of affordable housing in the City

OVERVIEW

Broker of Record Patrick Graham License # 9005919 (TX) Matthews Real Estate Investment Services, Inc 8300 Douglas Ave., Ste. 750, Dallas, TX 75225

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$0.52 USD /SF

# OF UNITS

76

PRICE/UNIT

$16,447

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pecan Grove MHP

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

55.58 AC

LAND SF

2,421,222 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jack EnglemanMatthews Real Estate Investment ServicesMore Info
214-206-8654

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Jack EnglemanMatthews Real Estate Investment ServicesMore Info
214-206-8654

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.