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Gena Dowell

gena@discoverfortworthtx.com +1(817) 919-4105

$975,000

Est. payment - /mo

3.02 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Subdivision Hartfield

MLS Listing ID 21383829

Total Fin. Sqft 9864

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

Flooring Varies

Heat Source Central

Exterior

Utilities Available Co-op Water, Electricity Connected, Septic

Roof Type Composition,Metal,Mixed

Garage No

Building

Foundation Pillar/Post/Pier

Structure Type See Remarks

Others

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

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

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

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Steven Andognini • eXp Realty LLC

NEARBY SCHOOL & BUSINESS

+1(817) 919-4105

gena@discoverfortworthtx.com

5652 Vaquero Road, Fort Worth, TX 76126, USA

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6311 FM 920 Bridgeport, TX 76426