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.
| MLS # | 6879717 |
|---|---|
| Listing Type | For Sale |
| Style | Mobile Home Park |
| Sub-Type | Resale |
| Status | Active |
| Year | 2020 |
| Days On Site | 44 |
| Listing Provided By | All Hands Real Estate | Chris Kappmeyer |
| SQ Feet | 10 |
|---|---|
| Building(s) | 10 |
| Acreage | 13.30 |
| Cooling | See Remarks |
|---|---|
| Heating | See Remarks |
| Flooring | See Remarks |
| Construction Materials | See Remarks |
|---|
| Parking Features | None |
|---|
| Utilities | Electricity Connected |
|---|---|
| Sewer | Public Sewer |
| List Aor | Austin Board Of Realtors |
|---|
| Property | 1800 |
|---|
| State | TX |
|---|---|
| County | DeWitt |
| City | Yorktown |
| Zip Code | 78164 |
| Area | Out of Area |
| Community Name | Thomas H Bell Leaque & Labor A |
| Listing VS Median (in Thomas H Bell Leaque & Labor A) | |
Price: $975,000 low | high Med: $975,000 sqft: 10 low | high Med: 10 $ / sqft: $97,500 low | high Med: $97,500 On site: 44 low | high Med: 44 | |
| State | TX |
|---|---|
| County | DeWitt |
| City | Yorktown |
| Zip Code | 78164 |
| Area | Out of Area |
| Community Name | Thomas H Bell Leaque & Labor A |
| Listing VS Median (in Thomas H Bell Leaque & Labor A) | |
Price: $975,000 low | high Med: $975,000 sqft: 10 low | high Med: 10 $ / sqft: $97,500 low | high Med: $97,500 On site: 44 low | high Med: 44 | |