Building Details

Year Built 2020

Listing Agency: Coldwell Banker Lenhart Properties Gilmer

Listed By: Dean Haws · License #0425302 Show Phone

Source: Crexi

Added: Jun 23, 2022 Changed: Oct 7 Last Checked: Oct 16 at 6:33AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Lenhart Properties Gilmer

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Investment Insights

Based on property information with market context.

This property features a mobile home park with 12 mobile homes and one frame house with 2 bedrooms and 1 bathroom, situated on 4.89 acres. The property operates at an 11% capitalization rate. The seller provides water, sewer, and trash services.

Key Highlights

• 11% Cap Rate: High return on investment.
• 12 Mobile Homes Owned: Significant rental income.
• 4.89 Acres: Ample land size.

Property Analytics

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Current Use

Mobile home & RV ...

Suggested Use

Top Pick Electrical Service HVAC Service (Bike/Boat/Book/etc) Store Arcade & Gaming Center Electronics & Wireless Store Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

18

Businesses Nearby

Explore this area Business Placement

Demographics for 75645, TX

10,724

Population

4,505

Households

2.4

Avg Household Size

43

Median Age

17%

College-Educated

89%

High-School Grad

144.6 sq mi

ZIP Area

74

Density / Sq Mi

$64,069

Median Household Income

$47,741

Median Earnings

$1,060

Median Rent

$178,700

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Mobile home & RV park - Mobile home park featuring 12 mobile homes and one house.

Where is this mobile home & rv park located?

The property is located at 5520 condor Gilmer, TX.

What is the asking price?

The asking price for this property is $775,000.

What are key features of this property?

This property features: 11% Cap Rate: High return on investment.; 12 Mobile Homes Owned: Significant rental income.; 4.89 Acres: Ample land size.