About This Home
This 0-bedroom, 0-bathroom commercial at 620 George Thomas road in Texarkana, TX is listed for $699,000. on a 8.00 acres lot.
Key Features
- 8.00 acre lot
- 20 parking spaces
Property Details
PRICE IMPROVED!! This Mobile Home is 75% occupied offering 10.83% CAP rate and also offers a well-positioned manufactured housing investment in a quiet, peaceful setting surrounded by natural beauty. The property consists of 12 individual units, each separately rented, providing diversified income streams.
Currently, 9 units are occupied, 1 unit is in the process of remodeling, and 2 units require renovation, offering immediate value-add upside. The property also includes additional land with septic systems already developed, allowing for the placement of more trailer homes and future expansion. This creates a strong opportunity for increased density and cash flow. The serene rural atmosphere combined with existing infrastructure makes this an attractive long-term investment with growth potential.
Monthly Cost Estimate
$3,738/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
620 George Thomas road
Texarkana, TX 75501
Nancy McCarter
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 620 George Thomas road is listed at $699,000. The estimated monthly payment is $3,739 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: 8.00 acre lot, 20 parking spaces.
This property is listed by Manju Pokhrel and can be reached at 4694717919.
