$395,000

516 Avenue F

Burkburnett TX, 76354

Description

This is a 24 lot MOBILE HOME PARK park sitting on approx. 3.5 acres. Each tenant pays all their own utilities decreasing out of pocket expenses. All city utilities no septic! Each unit is fenced for the tenant. Good mix of lot rent and park owned. Current owners have turned over a lot of the non-payers and have majorly cleaned up the grounds of the MHP! 8 Are lots that are rented for $200 each. 6 MH have been updated and renting for an average of $550. 2 MH are currently rented for $375 and $400 that could be updated. 1 Single Family Home that rents for $600 at the entrance. 7 MH that need work and are currently vacant. Cap Rate As-Is 11.39% Cap Rate as proposed 22.53%

Details

MLS#14165852
Sub-TypeResale
StatusActive
Year9999
Days On Site35

Features

Units24
Building(s)24

Loading Form

Loading Form

Area Information

StateTX
CountyWichita
CityBurkburnett
Zip Code76354
AreaWICHITA COUNTY (93)
Listing VS Median (in 76354)
Price:
$395,000
low | high
Med:
$395,000
50% of Average
On Site:
35
low | high
Med:
35
100% of Average
Listing Updated: 09/20/2019
MLS Number: 14165852
Listing Provided By:
Katie Apperson  of  Real Estate Reformation

All information provided by seller and is deemed to be correct, but is not guaranteed.  Buyer to verify and satisfy themselves with all information listed including but not limited to lot size, room sizes and square footage.  Buyers are encouraged to have property inspected by inspector of their choice.  Price subject to change.