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$975,000
Est. payment /mo
10 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mobile Home Park
Listing Status Active
Purchase Type For Sale
Square Footage 10 sqft
Price per Sqft $97,500
Subdivision Thomas H Bell Leaque & Labor A
MLS Listing ID 6879717
Year Built 2020
Annual Tax Amount $1,800
Tax Year 2025
Lot Size 13.300 Acres
Acres 13.3
Property Sub-Type Mobile Home Park
Source actris
Property Description
This is an actively cash-flowing residential campus at 1500 State Highway 72 W in Yorktown, TX, currently generating $16,500 per month under a 5-year lease offering an investor immediate, stabilized income at the time of acquisition. The property features 10 residential homes (valued at approximately $60k each) across +/- 13.3 acres spanning two tracts: eight 4-bedroom/4-bath homes, one 3-bedroom/2-bath, and one 2-bedroom/2-bath, all currently leased. Known operating expenses include internet service, trash removal, landscaping on an as-needed basis, a $105 annual water well permit, and $500 per year in sewer maintenance, with monthly electricity ranging from approximately $2,300 to $3,600. Annual property taxes are estimated at $1,700, an exceptionally low tax burden relative to the income the property generates. Electrical, sewer, and water are all on site, and there is additional room on the property that may present future development or expansion potential. This is one of the most compelling income-producing assets in the portfolio, combining a long-term lease, a diverse housing mix, and low operating overhead in a single acquisition. Current tenants have been in place for 3 years.
Location
State TX
County Dewitt
Interior
Heating See Remarks
Cooling See Remarks
Flooring See Remarks
Fireplace No
Exterior
Utilities Available Electricity Connected
Building
Sewer Public Sewer
Water Public
Structure Type See Remarks
New Construction No
Others
Special Listing Condition Standard
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Listed by All Hands Real Estate
NEARBY SCHOOL & BUSINESS
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