Description
JTACR Real Estate Group is pleased to present Windmill Mobile Home Community: a 23-site community located in Harlingen, TX. In addition to the 23 sites the property has a single family home on site as well, which is leased for $1,250 a month.
The community is positioned just east of Combes and north of Harlingen, just off of US-77 and New Combes Hwy.
The utilities both water and sewer are publicly provided. Current ownership features a stabilized asset with 100% tenant owned homes as well as the upside of filling the three currently vacant pad sites. This presents investors with the opportunity to acquire a well-maintained community with immediate rental upside.
Address
Open on Google Maps- Address 21601 New Combes Hwy, Harlingen, TX 78550, USA
- City Harlingen
- State/county Texas
- Zip/Postal Code 78550
Details
Updated on February 23, 2024 at 1:43 pm- Property ID: 170386
- Price: $950,000
- Land Area: 4.65 Acres
- Property Type: Mobile Home Parks
- Property Status: For Sale
- Pads: 23
- Water Type: Public
- Sewer Type: Municipal
- Cap Rate: 7.76%
- Occupancy: 88%
- NOI: $73,692
- Buildings: 24
Overview
Property ID: 170386
- 23
- Pads
- 4.65
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Contact Information
Information provided in this listing is deemed reliable but not guaranteed. Prospective buyers should perform their own due diligence in verifying all facts and figures related to the property, including but not limited to zoning, property conditions, utilities, legal uses, and financials. The broker makes no representation or warranties, expressed or implied, as to the accuracy of information contained herein. Prices, terms, and availability are subject to change without notice. The listing broker is not responsible for any errors, omissions, or inaccuracies in the information provided. Buyer to verify all information to their satisfaction. This is not an offer to sell, nor a solicitation of offers to buy, in jurisdictions where such an offer or solicitation would be unlawful. All images are for illustrative purposes only and may not represent the current state of the property.
