Address
1359 Hwy 80 Somewhere River, Mineola, TX
Price
$ 1,100,000
Property Attributes
- MLS#20524491
- TypeMulti-Family
- CountyWOOD
- CityMineola
- Zip75773
- StyleMultiple Single Units
- Price$ 1,100,000
- Bedrooms49
- Full Bathrooms49
- Half Bathrooms0
- Lot Size7 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
RV Park investment opportunity in East Texas, strategically located on Highway 80 with great highway frontage. Originally a 34 site park all individually metered on city water and septic. Just completed construction of 15 new concrete sites. All long-term guests, workforce and retirees, on-site management. Park was recently acquired and the current owner has added the new sites. Professionally managed with Camspot management software Value Add opportunity: increase short-term and overnight stays, bill back utilities and rent out the apartment and contractor garage. Charge higher rates for new concrete sites. Possibility to add signage for additional revenue. -49 total RV sites, individually metered (15 brand new concrete sites) -Club house with bathrooms and showers -Office building -Laundry facility -Apartment and contractor garage building
| Elementary School |
|---|
| Mineola Elementary School |
| Price History | |
|---|---|
| 1/31/2024 | Listed $1,200,000 |
| 2/29/2024 | 9% - $1,100,000 |
General Features
| Heating | None |
|---|---|
| Complex Name | Mineola RV Park |
| Cooling | None |
| Utilities | City Water,Electricity Connected,Septic |
| Possession | Closing/Funding |
| Roof | Metal |
| Appliances | Dryer,Washer |
| School District | Mineola ISD |
| Capitalization Rate | 9.09 |
| Year Built | 2007 |
| Levels | One |
| Will Subdivide | No |
| Gross Annual Expenses | 44000.00 |
| Property SubType | Multiple Single Units |
| Subdivision Name | none |
| Accessibility Features | Accessible Approach with Ramp |
| Insurance Expense | 3000 |
| County | Wood |
| Property Type | Residential Income |
| Construction Materials | Other |
| Year Built Details | Preowned |
| HOA Type | None |
| # of Buildings | 3 |
| Status | Active |
| Directions | East on Highway 80 leaving Mineola city limits,on your left hand side after passing East Loop 564. |
| City | Mineola |
| Buyer Agent Compensation | 3 |
| Elementary School Name | Mineola |
| High School | Mineola |
| Street Name | HWY 80 SOMEWHERE RIVER |
| Elementary School | Mineola |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/20524491 |
| Standard Status | Active |
| Buyer Agent Compensation Type | % |
Interior Features
| Interior Features | Other |
|---|---|
| Flooring | Other |
| Total Units | 49 |
| Lock Box Type | None |
Exterior Features
| Lot Size Source | Public Records |
|---|---|
| Parking Features | Other |
| Lot Size | 5 to < 10 Acres |
| Foundation | Other |
| Lot Size Area | 7.0000 |
| Number Of Parking Spaces | 49 |
| Lot Size Units | Acres |
| Building Area Total | 448.00 |
| Lot Size Square Feet | 304920.0000 |
| Lot Size Acres | 7.0000 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 75773
Price
Visits
Year Built
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