Family-owned for 20 years.
10 pads on 2 acres with FM 315 S frontage near Lake Palestine.

Financial Highlights:Price: $400,000 ($40k/pad)
Current Gross: $1,700/mo (3 tenants)
Pro-Forma Gross: $9700/mo (based on $1k-$1.3k POH rents, 2 RV rents and 2 lot rents at $600 mth)
Infrastructure: 10 electric/water sites (the 2 rv lots do currently share one water meter (the electric is direct billed) , 8 are direct billed)
2 Commercial Septics.
Inventory: 8 POH included (6 MH, 2 RV).
Cosmetic rehab needed, one needs roof repair due to storm.
Investment Thesis: This is a pure "Infill & Rehab" play.
Replacement cost for 10 utility-ready pads and 2 acres on a FM road exceeds $300k alone.
Buyer gets 8 units of wholesale inventory and a clear path to a 20%+ yield.
1.5 hours from DFW , near Lake Palestine and Tyler area.
Sold As-Is due to family health/distance.

PROPERTY SOLD “AS-IS, WHERE-IS” WITH ALL FAULTS.NO REPRESENTATIONS OR WARRANTIES: SELLER MAKES NO GUARANTEES, EXPRESS OR IMPLIED, REGARDING THE PHYSICAL CONDITION, HABITABILITY, OR FUTURE PROFITABILITY OF THE PROPERTY. PRO-FORMA INCOME FIGURES ARE ESTIMATES BASED ON LOCAL MARKET RESEARCH AND ARE NOT A GUARANTEE OF FUTURE PERFORMANCE. NO FORMAL FINANCIAL RECORDS: BUYER ACKNOWLEDGES THAT THIS IS A LEGACY FAMILY ASSET AND NO FORMAL RENT ROLLS, PROFIT/LOSS STATEMENTS, OR "BOOKS" ARE AVAILABLE FOR REVIEW. BUYER’S SOLE RELIANCE: BUYER AGREES TO RELY SOLELY ON THEIR OWN INDEPENDENT INSPECTIONS, APPRAISALS, AND DUE DILIGENCE. SELLER HAS NOT INDEPENDENTLY VERIFIED ALL INFORMATION PROVIDED IN THIS LISTING. BUYER IS RESPONSIBLE FOR VERIFYING ALL UTILITY CAPACITY, ZONING, AND PROPERTY BOUNDARIES PRIOR TO CLOSING.