1970 TX-37 - Manufactured Housing/Mobile Housing FOR SALE


Mineola, TX 75773
$729,000 USD
972-922-2213

NO PHOTO

$729,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
null | 12% Cap Rate

1970 TX-37
Mineola, TX 75773


HIGHLIGHTS

  • Located on State Highway 37. Convenient for work or play destinations.
  • Quiet and peaceful
  • Family friendly

OVERVIEW

Investment opportunity for a mobile home/RV park just outside Quitman Texas. There are currently 17 developed spots with room for expansion. The park is located on 11 acres and includes Lake Aley Wine, a small named lake on Lake Fork Creek. The park is located in the county so there are no zoning restrictions. The park is convenient to Lake Fork, one of the premier fishing spots in East Texas. It is also convenient to Tyler and Longview, and many other recreational lakes and parks. There are 7 park owned homes which are all rent to own and have various terms remaining. The other lots are occupied with tenant owned homes. Most all the tenants are long term. There are no long term leases except for the rent to own units, allowing a new owner to increase rent if desired. All in all, this is a great opportunity for the investor who is looking for value and a significant upside potential.

FOR SALE DETAILS

PRICE

$729,000 USD

PRICE/SF

$54 USD /SF

# OF UNITS

17

PRICE/UNIT

$42,882

CAP RATE

12%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lake Fork Creek Mobile Home Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

PARKING SPACES

-

LAND DETAILS

LAND ACRES

11 AC

LAND SF

479,160 SF

ZONING

None

APN/PARCEL ID

R137848

ASK ABOUT THIS PROPERTY

Ed ParrishDumbbell PropertiesMore Info
972-922-2213

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Ed ParrishDumbbell PropertiesMore Info
972-922-2213

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