UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Subdivision Hartfield
MLS Listing ID 21383829
Total Fin. Sqft 9864
Year Built 2020
Annual Tax Amount $6,592
Lot Size 3.025 Acres
Acres 3.025
Property Sub-Type Business
Property Description
The property offers strong existing cash flow with additional upside. Average rent is approximately $1,343 per home per month at full occupancy, with rents currently below estimated market levels. Month-to-month leases provide a new owner flexibility to gradually adjust rents toward market rates and potentially increase NOI.
Each home has its own electric meter and septic system. The homes have been well maintained, creating an attractive turnkey opportunity for an investor seeking immediate income without a significant renovation or repositioning project.
The property consists of approximately 2.630 acres plus an adjoining 0.395-acre parcel and is located outside Bridgeport city limits. The approximately 3-acre site may offer potential for additional manufactured homes or future expansion, subject to buyer verification, applicable regulations, utilities, septic requirements, and approvals.
Manufactured homes are currently considered separate property and are included with the sale. Both parcels and all seven homes are being offered together in one transaction. An excellent opportunity to acquire an established Wise County rental portfolio with strong current income and additional value-add potential.
Location
State TX
County Wise
Zoning UN-ZONED OUTSIDE CITY LIMITS
Direction ENTER 3734 Co Rd 3655 into Google Maps
Interior
Heating Central
Cooling Central Air
Flooring Varies
Heat Source Central
Exterior
Utilities Available Co-op Water, Electricity Connected, Septic
Roof Type Composition,Metal,Mixed
Garage No
Building
Foundation Pillar/Post/Pier
Structure Type See Remarks
Others
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21383829
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Jamie Lockhart
Luxury Realtor®- Team Lead JSNT Group
Luxury Realtor®- Team Lead JSNT Group