TBD Fentress Star Road

Fentress, TX 78622
$1,011,000

Description

INCOME PRODUCING PROPERTY!! $8,875 PER MONTH GROSS INCOME. This mobile home park has 10 owned units that are rented out monthly and 6 rented mobile home spaces. There are also 2 vacant RV Hook up and there is one vacant Mobile home space. This property has a very low vacancy rate and stays full! This property is located in an ideal location and the overhead is low making this a very strong cash-flowing property. All units are individually metered and utilities are paid by the tenants. Estimated Annual Net Income is $91,057.50 or $7,588.12 per month. The seller does not have a property manager and they maintain the grounds themselves. Their only costs are insurance, taxes and vacancy/make readies when needed. Insurance was $851 for liability and $3,209 for trailers for 2020. Each unit had a water meter owned by Fentress Star Mobile Home Park but the tenants pay for the bill and each unit is individually metered in the tenants’ name.

  • Property Details
    • Measurements
      • Acres:5.11
      • Square Feet:12133
  • Construction Details
    • Type & Style
      • Property type:Purchase
  • Community and Neighborhood Details
    • Location
      • School district:Prairie Lea ISD
    • Community
      • Subdivision:Fentress Star Mh Park
  • Other
    • Source
      • MLS #:456913

Location

Lazy H Real Estate Company, LLCReal Estate Group
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