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27910585
28304778

500 Willow Ln, San Augustine, TX 75972-1234

LM
TX 9005018
Exit Realty Pro
Listed by Exit Realty Pro
$1,600,000
217 days on market
Updated 92 days ago

500 Willow Lane

Details
APN 0026396
Property Type Business for Sale, Land (+1)
Sub Type Commercial
Units 12
Cap Rate 6.76%
NOI $108,136
Stories 1
Acreage 12.100
Zoning Commercial

Scalable Mobile Home Park with 13 Units and 48-Site Total Capacity

Marketing description

Fantastic investment opportunity in the heart of San Augustine! This well-maintained mobile home park sits on 12.1 acres within the city limits and offers city water and sewer. The property currently includes 13 mobile homes, with 12 park-owned units, 11 of which are only a few years old (2022) and in excellent condition. The park is designed for up to 48 total spaces, providing tremendous growth potential. 11 additional sites are ready for immediate setup, already equipped with concrete parking pads, electric, water, and sewer connections. An additional 24 sites are available for future expansion and development. Each existing home enjoys a paved parking spot and separately metered utilities, allowing residents to pay for their own electric, water, sewer, and trash service. Located near historic downtown San Augustine, this property offers easy access to shopping, dining, schools, and area employers. It’s just a short drive to beautiful lake Sam Rayburn, known for fishing, boating, and outdoor recreation, making this location attractive for both long-term residents and weekend visitors alike. With strong rental demand and significant room for growth, this property is an investment opportunity ready to generate income today and expand for the future. Sellers also have another established mobile home park available just down the road in Nacogdoches, offering an opportunity to expand your portfolio in East Texas.

Investment highlights

  • TYpe: business
  • Lot size area: 12.10 acres
  • Lot size range: 10 to < 50 acres
  • Road frontage: city street
  • Year built details: preowned
  • Inclusions: business, land & improvements
  • Total units: 12
  • Gross income: $122,574.33
  • Net operating income: $108,136
  • Zoning details: commercial
  • Tax id: 0026396
  • Business type: mobile/trailer park
  • https://www.propertypanorama.com/instaview/ntreis/21098358#tour

Listing Contacts

LM
TX 9005018
Exit Realty Pro
Listed by Exit Realty Pro

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$108,136.00
$9,011.33/mo

Valuation Metrics

0
DSCR
6.76%
Cap Rate
6.76%
ROI

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Additional Information

Name
Lisa Muncrief
License
9005018
Brokerage
EXIT Realty Pro
Brokerage Phone
9035677777
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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