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7322 CR 6100
Shallowater, TX 79363 ·

46 Spaces · Multifamily For Sale

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Income Property

Price N/A Property Use Type Investment
No. Spaces 46 Cap Rate 13%
Property Type Multifamily Lot Size 7 AC
Property Sub-type Mobile Home/RV Community
Listing ID: 17869377 Date Created: 10/11/2012 Last Updated: 11/21/2014

Description

A good 48 space rural trailer park with 46 spaces, and 35 rental trailers. Lot of recent updates to the trailers including plumbing, electrical, flooring, paint and RO water for drinking make this park an exceptional value. Monthly rents $11,954 at current occupancy. Seven acres total with room to expand the park. Lots of improvements to this property. New plumbing, electrical, paint, flooring and RO water. Water and sewer system are private and approved by state and EPA. Some owner financing is possible. Possible expansion to 100 spaces.

Go west from Lubbock on Clovis Highway to ward Shallowater, Texas. Approximately 1 mile before Shallowater turn west on County road 6100, go 1/4 mile and Fayben Trailer Park is on the north side of the road.

Highlights

  • 38 rental units 29 occupied
  • Lots of rehab and updates to trailers
  • Good cash flow
  • Licensed private water & sewer; 2 tested and approved water wells
  • Paved streets
  • RO water in each rental unit

Research

7322 CR 6100, Shallowater, TX 79363 (Lubbock County)

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