3109 S County Road 1200 - Commercial LAND FOR SALE


Midland, TX 79706 163,350 SF
$835,000 USD
432-688-8200
3109 S County Road 1200, Midland, TX for Sale
$835,000 USD
Commercial LAND - FOR SALE
1/23
163,350 SF

3109 S County Road 1200
Midland, TX 79706


HIGHLIGHTS

  • 19 Mobile Home spots
  • Main House - 3 Bedroom, 2 Bath, 2 Car Garage
  • Close to I-20 Income Producing Property for Sale!

OVERVIEW

19-LOT MOBILE HOME PARK | 100% OCCUPIED | $83K NOI | MIDLAND, TX Rare opportunity to acquire a fully stabilized 19-lot mobile home park in Midland, TX featuring 100% occupancy and an active tenant waitlist. This property has delivered consistent performance with zero vacancy for 8 years, making it a highly reliable cash-flowing asset in the Permian Basin. STRONG IN-PLACE CASH FLOW Gross Income: $120,000/year Net Operating Income: $83,115/year Cap Rate: ~10% at asking price Immediate income with proven stability INVESTMENT HIGHLIGHTS 100% Occupied + Waitlist Fully leased 19 pads 8-year track record of zero vacancy Built-in demand with waiting list Low-Maintenance Operations All tenants pay electronically (Venmo) No onsite management required Simple, efficient rent collection Operates as a low-touch investment PRIME PERMIAN BASIN LOCATION Located in Midland, TX Strong workforce housing demand Stable tenant base tied to local economy BONUS: 2 OWNER/RENTAL HOUSEs INCLUDED 3 bed / 2 bath home 2-car garage Can be: Owner-occupied Rented for additional income Used for onsite management 2024 Mobile home, completely remodeled 3/2 with modern finishes and large fenced private yard. PRICING $835,000 Approx. $43,900 per lot INCLUDING house ~10% cap rate based on actual performance IDEAL BUYER 1031 exchange investors Passive income buyers Out-of-state investors Owner-operators

FOR SALE DETAILS

PRICE

$835,000 USD

PRICE/ACRE

$222,667/AC

PRICE/SF

$5 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

19-LOT MOBILE HOME PARK | 100% OCCUPIED

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial

LAND ACRES

3.75 AC

LAND SF

163,350 SF

OFFSITE IMPROVEMENTS

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Thomas JohnstonReal Estate RanchMore Info
432-688-8200

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Thomas JohnstonReal Estate RanchMore Info
432-688-8200

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