11638 Sam Reynolds Rd Justin, TX 76247
- Residential income homes
Current Use by Public Records
- Residential income homes
Property Details for 11638 Sam Reynolds Rd
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a portfolio of nine fully leased mobile homes, offering immediate cash flow. Priced at $1,999,500, this portfolio boasts a current NOI of $140,938 and a 7.05% cap rate, with pro-forma figures projecting a NOI of $176,538 and an 8.83% cap rate. The portfolio comprises nine individual properties, each situated on a lot of one acre or more, and located in high-growth areas of Justin, Ponder, and Rhome, Texas, within the desirable Alliance area spanning Denton and Tarrant counties. Alliance is a renowned business park featuring diverse employment sectors, ensuring strong tenant demand. All nine units are currently 100% occupied with long-term tenants, minimizing vacancy risks and maximizing return on investment. The price per unit is $222,166.67. This is a rare opportunity to acquire a substantial, income-producing portfolio in a thriving Texas market. There is no ground lease associated with this property.
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
- Justin
- County
- Denton
- State
- Texas
- Longitude
- -97.3311709
- Latitude
- 33.0540293
