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- LoopNet Team
645 Farm Road 900
Mt Vernon, TX 75457
Liberty Hill Mobile Home Park · Multifamily Property For Sale
·
30,000 SF
Investment Highlights
- Privately owned and operated
- Stays around 95-100% occupied with no advertising from owners
- Lush, open area and quiet community
Property Facts
| No. Units | 25 | Building Size | 30,000 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Manufactured Housing/Mobile Home | No. Stories | 1 |
| Apartment Style | Garden | Year Built/Renovated | 1990/2007 |
| Building Class | C | Parking Ratio | 0.07/1,000 SF |
| Lot Size | 19.49 AC | ||
| Zoning | Commercial - Multi-Family | ||
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 19.49 AC |
| Building Size | 30,000 SF |
| Average Occupancy | 98% |
| No. Stories | 1 |
| Year Built/Renovated | 1990/2007 |
| Parking Ratio | 0.07/1,000 SF |
| Zoning | Commercial - Multi-Family |
Amenities
Unit Amenities
- Air Conditioning
- Yard
- Lawn
Site Amenities
- Property Manager on Site
- Maintenance on site
About 645 FARM ROAD 900 , MT VERNON, TX 75457
JTACR is pleased to present Liberty Hill Mobile Home Park for sale. Liberty Hill is a cozy, family operated community located just off of State Hwy 37, a few miles south of Interstate 30, in the heartbeat Texas town of Mount Vernon. The property is located 105 miles east of Dallas, 14 miles south of I-30, and 25 miles from its sister community, which is also for sale. Liberty Hill is located near multiple mass employers such as Lowe’s Distribution Center, Big Tex Trailers, Jordan Health Services. Other occupations include management, material moving, and administrative support. With its convenient location to these mass employers, many tenants choose to stay in this quiet, close knit community long term. Current ownership is onsite. The park stays near full occupancy. The owner does not market or advertise. All business is generated via word of mouth. Upside potential includes an opportunity for expansion, with the property being 19.5 acres and approximately 50% utilized. Rents were raised in January of 2020. 2019 rents ranged from $425-$720 based on home size, length of lease and number of tenants. Comparable home prices range from $750-$850.
Property Taxes
| Parcel Number | 13242 | Improvements Assessment | $615,160 |
| Land Assessment | $183,700 | Total Assessment | $798,860 |
Property Taxes
