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Nacogdoches Mobile Home Park 9054 US Highway 259 21 Unit Mobile Home Park $899,000 ($42,810/Unit) 6.85% Cap Rate Nacogdoches, TX 75965
EXECUTIVE SUMMARY
- 18 mobile home lots - 14 park owned homes
- 2 single family homes
- 1 commercial building
- Zoning/Addresses: 20 residential addresses approved
- Public water and private sewer (5 septic tanks)
- Road Frontage: Hwy 259 (future I-69 corridor potential)
- Maintenance man lives onsite (agreement can be retained or given 60 days to vacate).
- Empty lots for expansion at 261 Henderson Ln, 165, 218, 235 Double Hearts Ln
Nacogdoches TX lies just east from Houston boasting numerous opportunities for outdoor adventure such as hikes through the Angelina National Forest or kayaking down Neches River. Small metro area set in the rolling hills and piney woods of Texas. Primary industries include education and healthcare. Also known as a college town. - Situated in east Texas, 140 miles southeast of Dallas and 170 miles north of Houston.
- 2 single family homes
- 1 commercial building
- Zoning/Addresses: 20 residential addresses approved
- Public water and private sewer (5 septic tanks)
- Road Frontage: Hwy 259 (future I-69 corridor potential)
- Maintenance man lives onsite (agreement can be retained or given 60 days to vacate).
- Empty lots for expansion at 261 Henderson Ln, 165, 218, 235 Double Hearts Ln
Nacogdoches TX lies just east from Houston boasting numerous opportunities for outdoor adventure such as hikes through the Angelina National Forest or kayaking down Neches River. Small metro area set in the rolling hills and piney woods of Texas. Primary industries include education and healthcare. Also known as a college town. - Situated in east Texas, 140 miles southeast of Dallas and 170 miles north of Houston.
PROPERTY FACTS
| Price | $899,000 | Apartment Style | Garden |
| Price Per Unit | $42,810 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.96 AC |
| Cap Rate | 6.85% | Building Size | 1,182 SF |
| Gross Rent Multiplier | 8.88 | No. Stories | 1 |
| No. Units | 21 | Year Built | 1950 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Manufactured Housing/Mobile Home | ||
| Zoning | No zoning - No zoning in area. | ||
| Price | $899,000 |
| Price Per Unit | $42,810 |
| Sale Type | Investment |
| Cap Rate | 6.85% |
| Gross Rent Multiplier | 8.88 |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.96 AC |
| Building Size | 1,182 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Opportunity Zone |
Yes |
| Zoning | No zoning - No zoning in area. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Property Manager on Site
- Renters Insurance Program
- Maintenance on site
- Online Services
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PROPERTY TAXES
| Parcel Number | 4470 | Improvements Assessment | $111,500 |
| Land Assessment | $45,100 | Total Assessment | $156,600 |
PROPERTY TAXES
Parcel Number
4470
Land Assessment
$45,100
Improvements Assessment
$111,500
Total Assessment
$156,600
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Nacogdoches Mobile Home Park | 9054 US Highway 259
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