505 Bub Hayner Rd Karnack, TX 75661

This property features a 9-unit apartment-style townhome complex and a home situated on Caddo Lake, without HOA restrictions, on 7.7 acres. The property includes a private boat ramp, fishing pier, and 4 RV sites, with room to add more units. Unit 1, a 3-bedroom, 2-bathroom unit, is rented at $1250 and was renovated in 2024. Unit 2, a 3-bedroom, 2-bathroom unit, is rented at $895 and was renovated in 2022. Unit 3, a 1-bedroom, 1-bathroom unit, is rented at $650. Unit 4, a 3-bedroom, 2-bathroom unit, is rented at $1050 and was renovated in 2024. Unit 5, a 2-bedroom, 1-bathroom unit, is rented at $895 and was renovated in 2024. Unit 6, a 2-bedroom, 2-bathroom unit, is rented at $950. Unit 7, a 1-bedroom, 1-bathroom unit, is rented at $700 and was renovated in 2024. Unit 8, a 2-bedroom, 2-bathroom unit, is rented at $950 and was renovated in 2024. Unit 9, a 1-bedroom, 1-bathroom unit, is rented at $720 and was renovated in 2024. The house, a 3-bedroom, 2-bathroom unit, is rented at $800 and was partly renovated in 2024. There are 4 currently vacant RV sites with a proforma of $400 per month each. One of the two homes went vacant on August 1st and was recently remodeled. The total current actual monthly gross is $10,360, with a total yearly gross of $125,000. Mowing costs $3000, and trash removal is $2800. The proforma monthly income is $13,760, with a proforma annual income of $165,120 and a proforma NOI of $136,000. The property is newly renovated and seller financing is available for qualified buyers. It is located in Karnack, TX, and is suitable for owner-operators or investors.