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Bassett Road Mobile Home Park
1111 Bassett Road, Palestine, TX75803
Sold
Mobile Home Park Details
Purchase Method:
New Loan, Assumable Loan
Listing ID:
1600238
Posted On:
Feb 9, 2022
Updated On:
May 9, 2022
Description
1111 Bassett Road Palestine, TX
$900,000 assumable seller financed note @ 5.5% for 25 years, payment is approximately $5500 per month.
33 Space all mobile home park, includes 28 park owned homes, 7 - 2 bed, 2 bath, 21- 3 bed, 2 bath (all homes are late 90's and early 2000's year models in good condition with central air and heat), 5 tenant owned homes. Paved road, concrete parking, spacious yards, water district water (metered by water district), city sewer, high demand for rental or rent to own. Market lot rent is $300 +, market home rents easily $750 to $900. New survey available.
Location
East Texas town 20,000 plus population, good schools, growing area, town has big box stores, Chick-fil-a, Starbucks, health care, government and education in close proximity to 100,000 plus population metro areas. Will be happy to disclose location and all financials with signed NDA. Have last 3 years P&L's and current rent roll.
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