Description
Wonderful Opportunity to own a 40 lot mobile home community. There are currently 16 single wide lots with city water and city sewer available. Owner says there is space for 26 more if arranged appropriately. Mobile homes currently on the property will be removed as they are not in good condition and would be best served as a deer camp trailer. Expected best use for this property would be to provide a lot and utilities to tenants who need a lot to lease for their mobile home. 40 x $225 per mo. = $9,000 per Mo. of relatively passive income... $98,000 per year. If you spent $65,000 in improving utilities you could pay off entire investment in 4 years!!
-
0BEDS
-
5.37ACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
Description
Wonderful Opportunity to own a 40 lot mobile home community. There are currently 16 single wide lots with city water and city sewer available. Owner says there is space for 26 more if arranged appropriately. Mobile homes currently on the property will be removed as they are not in good condition and would be best served as a deer camp trailer. Expected best use for this property would be to provide a lot and utilities to tenants who need a lot to lease for their mobile home. 40 x $225 per mo. = $9,000 per Mo. of relatively passive income... $98,000 per year. If you spent $65,000 in improving utilities you could pay off entire investment in 4 years!!
© 2018 North Texas Real Estate Information Systems. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Baldree Home Team are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data is deemed reliable, but not guaranteed accurate by the MLS or NTREIS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2018-07-19T10:43:35.17.
Data is deemed reliable, but not guaranteed accurate by the MLS or NTREIS. Data last updated 2018-07-19T10:43:35.17.