302 Mckay St Troup, TX 75789-1047
- Mobile home & RV parks
- 0.78 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 302 Mckay St
- Year built
- 1960
- Lot size
- 0.78 lot acres
- Property type
- Mobile home & RV parks
- APN
- 1-40000-0061-00-001000
- APU
- 140000006100001000
Description
This established 9-pad mobile home park in Troup, Texas, presents a compelling investment opportunity. Currently boasting 80% occupancy, the park features 7 occupied lots and 2 vacant lots. Two recently upgraded 2-bedroom, 1-bathroom mobile homes are included in the sale, currently leased at $725 and $900 per month respectively. Six storage buildings are also part of the sale, providing additional income potential. The 0.77-acre property is conveniently located within Troup city limits, benefiting from all city utilities, including sewer. Monthly lot rent ranges from $265 to $300, generating consistent rental income. Long-term tenants contribute to the park's stability. Low maintenance is a key feature, with tenants responsible for their own lawn care. Estimated 2024 property taxes are $1,440, further enhancing the property's profitability. This turnkey operation offers a strong return on investment for those seeking a low-maintenance, income-producing asset in a desirable Texas location. The park's existing infrastructure and stable tenancy make it an attractive option for both seasoned investors and those new to the rental market.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Troup
- County
- Smith
- State
- Texas
- Longitude
- -95.1237
- Latitude
- 32.1471
- CBSA code
- 46340
- CBSA name
- TYLER, TX METROPOLITAN STATISTICAL AREA
