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GP Theriot IV

gp@gptheriot.com +1(214) 789-5888

$ 975,000

Est. payment | -/mo

9,864 SqFt

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$ 975,000

Est. payment | -/mo

Save Virtual Tour

9,864 SqFt

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 9,864 sqft

Price per Sqft $98

Subdivision Hartfield

MLS Listing ID 21383829

Construction Status Resale

HOA Y/N No

Year Built 2020

Annual Tax Amount $6,592

Lot Size 3.025 Acres

Acres 3.025

Property Sub-Type Business

Property Description

OWNER FINANCING AVAILABLE with 20% down, 9% interest and a 5-year balloon! Excellent opportunity to acquire an established 7-home manufactured home investment property on approximately 3.025 acres in Wise County. The property consists of two contiguous parcels and offers strong existing cash flow with seller-reported gross annual rental income of approximately $112,800 and seller-reported NOI of approximately $99,630. Homes range from 3 to 4 bedrooms and have been well maintained, with numerous recent improvements including flooring, paint, appliances, HVAC systems and roof updates. Each home has its own electric meter and septic system. Current rents are believed to be below market, providing potential upside for a new owner. Month-to-month leases offer additional flexibility. Property is located outside Bridgeport city limits. Manufactured homes are included in the sale. Owner-financing terms are subject to seller approval and final agreement. Buyer and buyer's agent to verify all property information, income, expenses, measurements, condition and financing terms.

Location

State TX

County Wise

Zoning UN-ZONED OUTSIDE CITY LIMITS

Direction ENTER 3734 Co Rd 3655 into Google Maps

Interior

Heating Central

Cooling Central Air

Inclusions Land & Improvements

Fireplace No

Exterior

Parking Features Driveway

Utilities Available Electricity Connected, Septic Available, Water Available

Water Access Desc Community/Coop

Roof Type Composition,Metal,Mixed

Private Pool No

Building

Story 1

Foundation Pillar/Post/Pier

Sewer Septic Tank

Water Community/Coop

Construction Status Resale

Others

Tax ID 739963

Acceptable Financing Cash, 1031 Exchange, Owner Will Carry, See Agent

Listing Terms Cash, 1031 Exchange, Owner Will Carry, See Agent

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21383829

Nearby Locations

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GP Theriot IV

Real Estate Consultant, US Army Veteran (CPT) Lic# 0817775

gp@gptheriot.com

+1(214) 789-5888

5605 North McArthur Blvd, Irving, TX 75038, USA

6311 FM 920 Bridgeport, TX 76426

GP Theriot IV

Key Details

Location

Interior

Exterior

Building

Others

6311 FM 920