5300 N FM 51 - Specialty FOR SALE


Weatherford, TX 76085
$1,200,000 USD
817-366-0372
5300 N FM 51, Weatherford, TX for Sale
$1,200,000 USD
Specialty - FOR SALE
1/3
null | Request Cap Rate

5300 N FM 51
Weatherford, TX 76085


HIGHLIGHTS

  • Rare opportunity to purchase and own an existing mobile home park in peaceful Weatherford, TX.

OVERVIEW

DO NOT DISTURB THE TENANTS! Incredible and Rare opportunity to purchase and own an existing mobile home park in peaceful Weatherford, TX on ten flat and beautiful acres with no flood plain. This is a very successful park with approximately 25 units total and standing at almost 100% occupancy. More could be added to by leasing the modular home that the owner who is the current manager lives in and filling up some of the smaller units. Property has been grandfathered in by the city and county. Property has multiple septic tanks that service all the units. All mobiles are owned by property owner and not the tenants. Tenants pay rent for the mobile home NOT rent for land lease. All the buildings and mobile homes come with this sale except the seller is taking 2 motor homes, 1 bus and 1 building that is not on septic and 1 travel trailer on the corner next to #12. All tenants are on an annual lease agreement. Most tenants do work on their units in exchange for the security deposit. Property has two water wells. There are no city services out here at all. The maximum one well can service is 14-15 houses. No propane! Every house is all electric and the tenants pay their own electric service. Water (well water) is included in their rent. The modular home that the seller lives in has a solar system that has $100k owed on it and she will want that to transfer to the new buyer. Seller will need a minimum of a 30 day leaseback after closing. If you are looking for an income property on some beautiful land, this is it! There isn't a survey to provide. The seller keeps hand receipts of all rents paid. Some farm animals, cats and dogs live on the property. There is plenty of room for someone to build a new home on this land and still enjoy the benefits of having income producing houses. There are a total of 3 dumpsters on the property which seller pays approx $1k a month to the trash service for those. THIS IS THE PARK YOU HAVE BEEN WAITING FOR! Owner will finance!!

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$800 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

10.13 AC

LAND SF

441,231 SF

ZONING

-

APN/PARCEL ID

R000047196

ASK ABOUT THIS PROPERTY

Teresa von IllyesAmeriplex RealtorsMore Info
817-366-0372

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Teresa von IllyesAmeriplex RealtorsMore Info
817-366-0372

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