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$ 499,000
Est. payment | /mo
8 Acres Lot
$ 499,000
Est. payment | /mo
8 Acres Lot
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision T12 Liberty-Eylau
MLS Listing ID 200861
HOA Y/N No
Lot Size 8.000 Acres
Property Sub-Type Commercial
Property Description
PRICE IMPROVED!! This Mobile Home is 75% occupied offering 10.83% CAP rate and also offers a well-positioned manufactured housing investment in a quiet, peaceful setting surrounded by natural beauty. The property consists of 12 individual units, each separately rented, providing diversified income streams. Currently, 9 units are occupied, 1 unit is in the process of remodeling, and 2 units require renovation, offering immediate value-add upside. The property also includes additional land with septic systems already developed, allowing for the placement of more trailer homes and future expansion. This creates a strong opportunity for increased density and cash flow. The serene rural atmosphere combined with existing infrastructure makes this an attractive long-term investment with growth potential.
Location
State TX
County Bowie
Area Bowie
Zoning A2L
Exterior
Parking Features 20-29 Spaces
Garage Spaces 20.0
View Y/N No
Water Access Desc Public
Total Parking Spaces 20
Garage No
Building
Foundation Pillar/Post/Pier
Sewer Septic Tank
Water Public
Others
Virtual Tour https://tour.usamls.net/620-George-Thomas-road-Texarkana-TX-75501/unbranded
Listed by Better Homes & Gardens Real Estate Infinity