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5520 Condor Rd 12 Unit Mobile Home Park $765,000 ($63,750/Unit) 12% Cap Rate Gilmer, TX 75645
Executive Summary
12 MOBILE HOMES OWNED AND 1 FRAME HOUSE 2/1 ON 4.89 ACRES, RENTALS ARE AT A 10.7% CAP RATE
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Property Facts
| Price | $765,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $63,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 4.89 AC |
| Cap Rate | 12% | Building Size | 13,000 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Manufactured Housing/Mobile Home | Year Built | 2003 |
| Zoning | Country Zoning - Can Be Variety | ||
| Price | $765,000 |
| Price Per Unit | $63,750 |
| Sale Type | Investment |
| Cap Rate | 12% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 4.89 AC |
| Building Size | 13,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2003 |
| Zoning | Country Zoning - Can Be Variety |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+3 | 7 | - | - |
| 2+2 | 5 | - | - |
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 4335 | Improvements Assessment | $25,630 |
| Land Assessment | $45,410 | Total Assessment | $71,040 |
Property Taxes
Parcel Number
4335
Land Assessment
$45,410
Improvements Assessment
$25,630
Total Assessment
$71,040
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5520 Condor Rd