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    401 Elliott St Breckenridge, TX 76424

    For Sale
    $140,000

    High-yield income, 3 occupied units, expansion potential.

    Property size:
    780 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional investment opportunity presents a well-maintained mobile home park situated on a 0.66-acre lot in Breckenridge, Texas. The property boasts three currently occupied, updated single-wide manufactured homes (SWMHs), generating immediate rental income. Each SWMH is in good condition, contributing to the property's strong cash flow. Adding to its appeal, three additional vacant lots are available, providing significant potential for expansion and increased revenue. The park is attractively landscaped with mature oak trees, offering a peaceful country setting while remaining conveniently close to downtown Breckenridge. Residents enjoy easy access to shopping, dining, schools, churches, and essential services. The location also offers proximity to outdoor recreation, with Hubbard Creek Lake just five miles away and Possum Kingdom Lake a short drive. This multi-parcel property is priced at $140,000 and presents a rare chance to acquire a turnkey income-generating asset with considerable upside potential. The 780 square foot total building area is spread across the three existing units. This is a truly unique opportunity for investors seeking a stable and growing income stream in a desirable location.

    Property Features for 401 Elliott St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    780 SF
    Lot Size
    28,750 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Breckenridge
    County
    Stephens
    State
    Texas
    Longitude
    -98.90648
    Latitude
    32.75159

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    FAQs

    What type of property is this?
    Commercial real estate - High-yield income, 3 occupied units, expansion potential.
    Where is this commercial real estate located?
    The property is located at 401 Elliott St Breckenridge, TX.
    What is the asking price?
    The asking price for this property is $140,000.
    Request Owner's contact information
    401 Elliott St Breckenridge, TX 76424
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    401 Elliott St Breckenridge, TX 76424
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