Current Use by Public Records
- Mobile home & RV parks
Property Details for 229 Us-180
- Year built
- 2009
- Lot size
- 13.00 lot acres
- Property type
- Mobile home & RV parks
- Property subtype
- Mixed-use properties
Description
This exceptional investment opportunity encompasses two prime locations in Seminole, Texas, totaling 13 acres. The first location includes 20 residential units (primarily trailers) and a substantial 3,200 square foot shop, perfectly positioned to benefit from the local economy. The second location features 10 additional residential units, numerous RV sites, and a multi-unit enclosed storage facility for boats or RVs, along with mini-storage units, ensuring diverse income streams. An on-site office facilitates efficient management. Built in 2009, this one-story property offers 30 total units and presents a significant upside potential due to rental rates that haven't been increased in five years. The property's location in Seminole, TX, benefits from the robust oilfield industry, thriving agriculture, and other economic drivers, making this a highly attractive investment with a 7.5% cap rate. The asking price is $4,500,000. This is a rare chance to acquire a well-established, mixed-use property with substantial growth potential in a dynamic Texas market. The property is located at 229 US-180, Seminole, TX 79360.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Seminole
- County
- Gaines
- State
- Texas
- Longitude
- -102.634
- Latitude
- 32.7102
