118-122 Elm Ave Kermit, TX 79745

Property Details for 118-122 Elm Ave

Year built

2015

Lot size

0.50 lot acres

Property size

3,000 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity encompasses a portfolio of twelve workforce housing mobile homes situated on a half-acre lot at 118-122 N Elm Ave, Kermit, TX. Each of the 3,000 square foot units is a two-bedroom, one-bathroom dwelling, featuring a full-size walk-in shower and a fully equipped kitchen complete with a refrigerator and stove. Importantly, each mobile home has been underpinned for enhanced stability and includes a wooden deck porch, adding to the overall livability. The units are fully furnished with two beds and a dinette set, providing immediate occupancy readiness. The absence of a living room maximizes space efficiency, ideal for the target demographic. This property presents a compelling investment prospect for businesses seeking to provide convenient and cost-effective employee housing solutions. The property's location in Kermit, TX, offers easy access to local amenities and services. The total square footage of the property is 3,000 square feet, spread across twelve individual units. The asking price for this turnkey workforce housing solution is $800,000. This represents a significant opportunity for investors seeking a stable and high-demand asset in a growing market. The property's current configuration and furnishings minimize upfront operational costs, allowing for immediate revenue generation. The half-acre lot provides ample space for potential future expansion or improvements. This is a rare opportunity to acquire a well-maintained and immediately profitable workforce housing portfolio.

Location Insight

City

Kermit

County

Winkler

State

Texas

Longitude

-103.098

Latitude

31.8567