620 George Thomas road, Texarkana, TX 75501
sale
$569,000
|
Other
Courtesy Of MLM Real Estate
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.
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Property Features
- Building Units: 12
- MLSID: 200861
- Parking Spaces: 20
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