Description
CASH FLOW from Day 1. INVESTOR DREAM DEAL!! Mini-Mobile Home Park! CAP rate 12+!! This investment property IS the HIDDEN TREASURE you've been searching for!! Amazing Location on US HWY 69 N .. just outside of Tyler .. between Tyler and Lindale!This may well be the best investment opportunity in East Texas currently - and it can be YOURS! This property offers a solid Main Home (3/2),PLUS an attached 1/1 rental unit (garage conversion), PLUS 7 added (park-owned) mobile/RV rental units (all 1/1) converted and set up permanent with site septic, power, and water. Thats right! This property offers 9 rental units currently .. with some land left over (value add ??). Owners have owned & operated this grandfathered-in investment 'gold mine' for many years successfully .. living in the main home and managing the rest ..NEVER EVER considering selling it .. but very serious health issues have forced this sale. Property being sold AS-IS. (Ask for attached docs for rent roles - - and you do the math!). Super Low Vacancy Rates .. Please Treat and present this like a commercial investment opportunity - site &main home interior showings ok by appt .. PLEASE DO NOT BOTHER THE CURRENT TENANTS IN THE BACK UNITS! Interior Inspections, rent roles, and expenses will all be a part of the option period of an accepted offer to purchase. IF you thought the "12+ CAP RATE / CASH FLOWING investment properties" in Texas were all gone .. think again! Location & Cashflow make this a perfect opportunity for both short or long-term investment hold. Honestly priced to sell THIS WEEK!! At this price, THIS is the ONE you do NOT want to miss out on or let get away!
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0.98ACRES
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01/2 BATHS
School Ratings & Info
Description
CASH FLOW from Day 1. INVESTOR DREAM DEAL!! Mini-Mobile Home Park! CAP rate 12+!! This investment property IS the HIDDEN TREASURE you've been searching for!! Amazing Location on US HWY 69 N .. just outside of Tyler .. between Tyler and Lindale!This may well be the best investment opportunity in East Texas currently - and it can be YOURS! This property offers a solid Main Home (3/2),PLUS an attached 1/1 rental unit (garage conversion), PLUS 7 added (park-owned) mobile/RV rental units (all 1/1) converted and set up permanent with site septic, power, and water. Thats right! This property offers 9 rental units currently .. with some land left over (value add ??). Owners have owned & operated this grandfathered-in investment 'gold mine' for many years successfully .. living in the main home and managing the rest ..NEVER EVER considering selling it .. but very serious health issues have forced this sale. Property being sold AS-IS. (Ask for attached docs for rent roles - - and you do the math!). Super Low Vacancy Rates .. Please Treat and present this like a commercial investment opportunity - site &main home interior showings ok by appt .. PLEASE DO NOT BOTHER THE CURRENT TENANTS IN THE BACK UNITS! Interior Inspections, rent roles, and expenses will all be a part of the option period of an accepted offer to purchase. IF you thought the "12+ CAP RATE / CASH FLOWING investment properties" in Texas were all gone .. think again! Location & Cashflow make this a perfect opportunity for both short or long-term investment hold. Honestly priced to sell THIS WEEK!! At this price, THIS is the ONE you do NOT want to miss out on or let get away!
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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the Greater Tyler Association of REALTORS® Multiple Listing Service. The IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. This information is deemed reliable, but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2023-06-07T23:29:01.95.
Listing provided courtesy of Nate Jackson of Kelly Right Real Estate Of Texas: . Listing information © 2023 Greater Tyler Association of REALTORS® Multiple Listing Service.