For sale
$975,000
1500 State Highway 72 None W
Yorktown, TX 78164
- 0 beds
- 0 baths
- 13.3 acres
Listing courtesy of All Hands Real Estate · (512) 327-1994 · MLS# 6879717 · Status: Active
About this home
Seller highly motivated, bring any and all reasonable offers. This is an actively cash-flowing residential campus at 1500 State Highway 72 W in Yorktown, TX, currently generating $16,500 per month under a 5-year lease offering an investor immediate, stabilized income at the time of acquisition. The property features 10 residential homes (valued at approximately $60k each) across +/- 13.3 acres spanning two tracts: eight 4-bedroom/4-bath homes, one 3-bedroom/2-bath, and one 2-bedroom/2-bath, all currently leased. Known operating expenses include internet service, trash removal, landscaping on an as-needed basis, a $105 annual water well permit, and $500 per year in sewer maintenance, with monthly electricity ranging from approximately $2,300 to $3,600. Annual property taxes are estimated at $1,700, an exceptionally low tax burden relative to the income the property generates. Electrical, sewer, and water are all on site, and there is additional room on the property that may present future development or expansion potential. This is one of the most compelling income-producing assets in the portfolio, combining a long-term lease, a diverse housing mix, and low operating overhead in a single acquisition. Current tenants have been in place for 3 years.
Description provided by the listing brokerage.
Facts
- Property type
- Commercial Sale · Mobile Home Park
- Year built
- 2020
- Lot size
- 13.3 acres
- Annual taxes
- $1,800
- County
- DeWitt
- Neighborhood
- Thomas H Bell Leaque & Labor A
Features
- Sewer
- Public Sewer
- Cooling
- See Remarks
- Heating
- See Remarks
- Flooring
- See Remarks
- Utilities
- Electricity Connected
- Water
- Public
- Parking
- None
- Energy efficiency
- None
- Accessibility
- None
- Construction
- See Remarks
Location
Listings courtesy of Unlock MLS as distributed by MLS GRID.
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