Property profile

217 Redwater Blvd Maud, TX 75567

OFF-MARKET
Land
4.13 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Land
Lot 4.13 ac (179,903 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

217 Redwater Blvd Maud, TX 75567
Maud metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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