35308 Texas 249

Pinehurst, TX 77362
sold
$465,000

35308 Texas 249

Mobile Home Park on 4 Acres - All Individually Parceled! Right off SH 249 - Zoned to Magnolia ISD! Comes With 35 Units - 11 Rented Out - Tenants pay with cash/check. Total rents collected for the month were roughly $5500. All Units are separately metered. This property has an office and laundry facility on site! All Units are park owned and come with the land! 35+ dwellings on the property. The current mobile homes are not in the best shape but 11 are currently rented and 16 were rented at the beginning of the year prior to the announcement of the sale. Mobile homes on half-acre lots in this pocket are selling for $250K. Raw land is selling for $125K-$150K an acre in this pocket.Incredibly rare opportunity to purchase a massive value add property at a huge discount. Title is Clean, Clear and ready to close!FIRST COME FIRST SERVENo Double Closing Fees! NoRead MoreRead Less

Highlights

Acres
4.05 Acres
ARV
$900K+
Market Rents
$15,000 / Month
Units
35 (11 Currently Rented Out)
1 Hr Home Offer

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Facing an out-of-state move, our clients needed a quick and profitable sale. We partnered with a local stager, captured stunning twilight photos, and launched a focused marketing campaign to attract the right buyers fast.

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