$899,000
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107 Wright DR Cedar Creek, TX 78612
2 SqFt
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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Bought with Tiffany Russell Group