804 Ave G Ave Seminole, TX 79360
- Commercial real estate
- 36,916 SF
- 13.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 804 Ave G Ave
- Year built
- 2009
- Lot size
- 13.00 lot acres
- Property size
- 36,916 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity in Seminole, Texas, encompasses two strategically located properties totaling 30 residential units (primarily trailers and RV sites) across 13 acres. The first location includes 20 residential units and a substantial 3,200 square foot shop, perfectly positioned to benefit from the area's robust economy. The second location adds another 10 residential units and further enhances income potential with additional RV sites. A key feature is a multi-unit enclosed storage facility for boats or RVs, along with individual mini-storage units, providing diverse and stable rental streams. An on-site office simplifies management. The properties benefit from the area's strong economic drivers, including the oilfield industry and thriving agricultural sector. Current rental rates offer significant upside potential, as they haven't been increased in five years. The combined properties boast a total of 36,916 square feet of space and are offered at $4,500,000, presenting a 7.5% cap rate. This is a rare chance to acquire a diversified, high-demand rental portfolio with substantial growth potential.
Value Estimation
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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
- 32.7099
