Cedar Creek, TX 78612,107 Wright DR

$899,000

Est. payment /mo
Est.Price: ?

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107 Wright DR Cedar Creek, TX 78612

2 SqFt

SOLD DATE : 11/20/2023

Key Details

Property Type Commercial

Sub Type Ranch

Listing Status Sold

Purchase Type For Sale

Square Footage 2 sqft

Price per Sqft $446,000

Subdivision Heritage Oaks Sec 1

MLS Listing ID 4158830

Sold Date 11/20/23

Originating Board actris

Year Built 2019

Tax Year 2023

Lot Size 2.070 Acres

Property Description

Strategic Location & High Visibility RV park, situated on Hwy 21, boasts excellent advertising visibility due to the high traffic count. This prime location captures the attention of potential residents and passersby, maximizing the potential for a steady influx of tenants. A convenience store is supposed to by built across the street and will further enhance the park's appeal. The park's closeness to Tesla and COTA, along with the thriving towns of Bastrop and Kyle, makes it highly desirable for Tesla workers and guests. With 24 lots, the mobile home park provides ample space for growth and expansion. We are actively researching the potential for covered areas and additional land, allowing for the accommodation of more residents and increasing revenue opportunities. Tenants are responsible for their own electricity, each lot equipped with its own meter. Additionally, Spectrum Internet/cable is provided to residents, ensuring reliable and high-speed connectivity. The park boasts a diverse clientele, with some residents staying for over four years. We have always focused on providing an affordable, attractive, and fully functional living environment. This commitment has resulted in long-term, loyal tenants contributing to the park's stability. As of June 9, the mobile home park is fully occupied, indicating high demand in the area. Furthermore, we are investigating two additional sites for potential expansion, allowing further growth and profitability. In addition to the rental income, the mobile home park generates extra revenue through leased washing machines and dryers. This arrangement eliminates owner maintenance responsibilities while providing a consistent income stream, with the owner receiving 20-30% of the revenue. The park offers several amenities to enhance the residents' experience, including a fenced dog park, a covered pavilion with picnic tables for the park or individual events, and an additional green area for games and recreation.

Location

State TX

County Bastrop

Interior

Heating See Remarks

Cooling See Remarks

Fireplace N

Exterior

Utilities Available None

View Fields

Accessibility None

Building

Sewer See Remarks

Water Public, See Remarks

Structure Type None

New Construction No

Others

Restrictions None

Acceptable Financing Cash, Conventional, Owner May Carry, See Remarks

Tax Rate 2.4513

Listing Terms Cash, Conventional, Owner May Carry, See Remarks

Special Listing Condition See Remarks

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Listed by Tiffany Russell Group
Bought with Tiffany Russell Group

Dylan Cozens

Advisor | License ID: 816120

+1(480) 695-6887

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