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    217 Redwater Blvd Maud, TX 75567

    For Sale
    $575,000

    17 Units, 4.13 Acres, Texas

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional investment opportunity presents a 17-unit mobile home park situated on a generous 4.13-acre lot in Maud, Texas. Currently boasting 12 occupied units, this turnkey operation offers immediate income potential. Conveniently located off Highway 67 and Redwater Rd West, the property benefits from its prime position within a thriving community. The park comprises a mix of single and double-wide mobile homes, providing ample living space for residents and featuring sufficient parking. The expansive lot size presents significant potential for future expansion and development, enhancing the long-term value of this asset. The property's appeal is further amplified by its location within an affordable median income range, attracting a diverse tenant base. Families are also drawn to its proximity to the Redwater Independent School District and local parks. The property's APN is 16460013400. This is a rare chance to acquire a well-established mobile home park with strong occupancy rates and considerable growth potential. The asking price is $575,000. The property is offered for sale by owner. This property is zoned as residential.

    Property Features for 217 Redwater Blvd

    General Information

    Property type
    Multifamily properties
    Lot Size
    179,903 SF

    Building Details

    Units
    17

    HighLights

    • 17‑unit mobile home park on a 4.13‑acre lot in Maud, TX.
    • 12 units currently occupied, offering immediate cash flow.
    • Prime location off Highway 67 and Redwater Rd West.
    • Mix of single and double‑wide homes with ample parking.
    • Significant expansion potential on the large lot.
    • Attractive location in an affordable area near Redwater ISD and parks.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Hair Salon Gym & Fitness Accounting Firm Hotel & Motel Department Store Grocery Store Food Market Discount Store Cafe & Coffee Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Maud
    County
    Bowie
    State
    Texas
    Longitude
    -94.2552109
    Latitude
    33.3610812

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    FAQs

    What type of property is this?
    Multifamily property - 17 Units, 4.13 Acres, Texas
    Where is this multifamily property located?
    The property is located at 217 Redwater Blvd Maud, TX.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: 17-unit mobile home park on a 4.13-acre lot in Maud, TX.; 12 units currently occupied, offering immediate cash flow.; Prime location off Highway 67 and Redwater Rd West.
    (903) 793-2666
    Request Owner's contact information
    217 Redwater Blvd Maud, TX 75567
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    Maud, TX 75567
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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
    217 Redwater Blvd Maud, TX 75567
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