7322 CR 6100, Shallowater, TX, 79363 - Available for Sale

Multifamily For Sale

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Income Property

7322 CR 6100, Shallowater, TX 79363

$580,000

46 Spaces | Multifamily

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Multifamily Property For Sale

Price:
$580,000
No. Spaces:
46
Price/Space:
$12,608.70
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Property Use Type:
Investment
Cap Rate:
13%
Lot Size:
7 AC
Listing ID
17869377
Last Updated
33 days ago

Find Out More...

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

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.

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

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Tom McDonald
Tom McDonald

Commercial Property and Land Specialist

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License #0561711

Asking Price Index Trends for Shallowater, TX Multifamily For Sale

  Aug 14 vs. 3 mo.
prior
Y-O-Y
-
State
$48,946-1.4%+8.9%

View Shallowater Market Trends for other property types for sale or lease. Learn more about the chart info.

Income Property
  • Multifamily
  • $580,000
  • 46 Spaces