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1537 E Palestine

Palestine, TX 75801
  • $1,200,000
  • STATUS: Active
  • ON SITE: 47 Days
  • MLS #: 10154368
$1,200,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,000
    SQFT
  • $1,200
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2010
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Passive income ready to go! 32 space RV park in the heart of the city limits of Palestine Texas. Occupancy is nearly full and ready to generate a passive income immediately. The park sits on 3.5 acres, has laundry facilities, free internet for guests, security cameras, and residents that live here full time as a cheaper alternative of living. There are 10 park owned RVs that rent around $800 per month. These rentals stay full all the time and essentially have a waiting list if there is ever a vacancy. This market has a huge need for rentals which makes this investment a perfect purchase. Lots spaces rent for $300-$350 each and the resident pays the electricity. Electricity is included in the park owned rentals typically up to 800 kwh. You can add to the business by adding more rentals, adding tiny homes, expanding, and adding lots, or just collect current revenue from the park. If you desire to add more lots and expand, this could be done easily since utilities are on city water and city sewer. The last 12 months the gross income is at $133,000 and NOI is 108,200, however the business is tracking toward numbers which will gross around $175,000 and net closer to $130,000. Priced at $1,200,000. Call for any other details or to view the property.

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the Greater Tyler Association of REALTORS® Multiple Listing Service. The IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. This information is deemed reliable, but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2022-09-25T00:28:42.867.
www.homeprostexas.com/homes/131966780
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1537 E Palestine Palestine, TX 75801

  • Price: $1,200,000
  • Status: Active
  • On Site: 47 Days
  • MLS #: 10154368
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1,000
SQFT
$1,200
$/SQFT
2010
Built
Neighborhood:
Twin Oaks Rv Park
County:
Anderson
Area:
Anderson
Elementary School:
Palestine
Middle School:
Palestine
High School:
Palestine
Property Description
Passive income ready to go! 32 space RV park in the heart of the city limits of Palestine Texas. Occupancy is nearly full and ready to generate a passive income immediately. The park sits on 3.5 acres, has laundry facilities, free internet for guests, security cameras, and residents that live here full time as a cheaper alternative of living. There are 10 park owned RVs that rent around $800 per month. These rentals stay full all the time and essentially have a waiting list if there is ever a vacancy. This market has a huge need for rentals which makes this investment a perfect purchase. Lots spaces rent for $300-$350 each and the resident pays the electricity. Electricity is included in the park owned rentals typically up to 800 kwh. You can add to the business by adding more rentals, adding tiny homes, expanding, and adding lots, or just collect current revenue from the park. If you desire to add more lots and expand, this could be done easily since utilities are on city water and city sewer. The last 12 months the gross income is at $133,000 and NOI is 108,200, however the business is tracking toward numbers which will gross around $175,000 and net closer to $130,000. Priced at $1,200,000. Call for any other details or to view the property.
Exterior Features

Construction None Multifamily Parking Paved Areas Water View No Waterfront No

Interior Features

Baths Unit1 32 Baths Unit2 32 Bedrooms Unit1 32 Bedrooms Unit2 32 Cooling None Fireplace None Heating Other/See Remarks

Property Features

Available Financing Conventional Foreclosure Or Bank Owned No Foundation Other/See Remarks Individual Meters Individual Electric Meter Lake Community No Multifamily Type Duplex Owner Expenses InsuranceLawn CareMaintenance RepairsTaxesWater/Sewer/Trash Short Sale YN No Sq Ft Source N/A 32 Rv Taxes 5600 Tenant Pays Electric Under Construction No

Listing provided courtesy of Kelley Byrd of Wp & Company: . Listing information © 2022 Greater Tyler Association of REALTORS® Multiple Listing Service.


The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the Greater Tyler Association of REALTORS® Multiple Listing Service. The IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. This information is deemed reliable, but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2022-09-25T00:28:42.867.
 
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