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    197 County Road 2302 Rusk, TX 75785

    For Sale
    $525,000

    High-yield, 5-unit turnkey property.

    Property size:
    768 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional investment opportunity presents a 5-unit, Class A tiny home park situated on 2.98 acres in Rusk, Texas (APN 227571000). Built in 2020, this property boasts 100% occupancy, generating a substantial Net Operating Income (NOI) of $55,159, representing a 10.51% capitalization rate. The asking price is $525,000. Each of the five single-story buildings offers two bedrooms and one-and-a-half bathrooms, totaling 768 square feet. Tenants are responsible for their own utilities, minimizing operational overhead. The park's location outside city limits in Cherokee County (zip code 75785) offers a peaceful setting while remaining conveniently accessible to local amenities. The property is zoned for its current use and features a community pond. This turnkey operation is ideal for investors seeking a high return on investment in a growing market, capitalizing on the increasing demand for affordable and sustainable housing. The property's strong performance and minimal maintenance requirements make it an attractive and low-risk investment. The high occupancy rate and consistent rental income stream provide immediate cash flow and a solid foundation for future growth. This is a rare opportunity to acquire a well-established, profitable tiny home park with significant upside potential.

    Property Features for 197 County Road 2302

    General Information

    Property type
    Multifamily properties
    Square Feet
    768 SF
    Class
    A
    Lot Size
    129,809 SF

    Building Details

    Year Built
    2020
    Buildings
    5
    Stories
    1
    Units
    5

    HighLights

    • High occupancy 5‑unit tiny home park (2 bed/1.5 bath units) in Rusk, TX, offering strong rental demand.
    • Low operating costs due to tenant‑paid utilities and energy‑efficient designs.
    • Excellent ROI with a 10.51% capitalization rate and $55,159 NOI.
    • Turnkey operation with immediate cash flow and fully furnished units.
    • Desirable location near amenities, yet offering a peaceful setting with a community pond.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Map

    City
    Rusk
    County
    Cherokee
    State
    Texas
    Longitude
    -95.162015
    Latitude
    31.774282

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    FAQs

    What type of property is this?
    Multifamily property - High-yield, 5-unit turnkey property.
    Where is this multifamily property located?
    The property is located at 197 County Road 2302 Rusk, TX.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: High occupancy 5-unit tiny home park (2 bed/1.5 bath units) in Rusk, TX, offering strong rental demand.; Low operating costs due to tenant-paid utilities and energy-efficient designs.; Excellent ROI with a 10.51% capitalization rate and $55,159 NOI.
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    Rusk, TX 75785
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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
    197 County Road 2302 Rusk, TX 75785
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