753 Cline St Huntsville, TX 77340
- Mobile home & RV parks
Current Use by Public Records
- Mobile home & RV parks
Property Details for 753 Cline St
- Property type
- Mobile home & RV parks
Description
This exceptional investment opportunity presents a fully occupied 10-unit mobile home park in Huntsville, Texas. Located at 753 Cline St, 77340, this Class C property sits on 1.53 acres and boasts a strong 6.89% capitalization rate, generating a Net Operating Income (NOI) of $47,913. The park comprises nine mobile homes and one house, all currently leased, offering immediate cash flow. Priced at $695,000, this translates to $69,500 per unit. Its strategic location offers convenient access to Interstate 45, just three minutes away, enhancing tenant accessibility and desirability. This prime investment property presents a promising income-generating asset with significant long-term growth potential in the thriving Walker County market. The property's 100% occupancy rate underscores its strong performance and inherent value. This is an ideal opportunity for investors seeking a stable, high-yield addition to their portfolio. The property's location and strong tenant base contribute to its exceptional investment characteristics. This turnkey operation requires minimal management, making it an attractive option for both seasoned and new investors.
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
- Huntsville
- County
- Walker
- State
- Texas
- Longitude
- -95.546013426159
- Latitude
- 30.698654935676
