The Villages Lakefront President's Harbor
A well-established, formerly branded resort portfolio on Lake Palestine in Texas
Marketing description
For registration requirements and regulations, please review here or contact Alexsis Wolfson | 949-799-4658 | aaguirre@crexi.com.
Property tours are available by appointment only. Please contact the listing broker to schedule to tour.
The Multifamily Group is pleased to present the exclusive offering of the The Villages-President’s Harbor, a well-established, formerly branded resort portfolio on Lake Palestine, Texas. Four of the five buildings were constructed between 1996–1998, with the fifth completed in 2006. The property comprises 40 two-bedroom units between 1,255-1,312 square feet. Currently vacant, this portion of The Villages was formerly operated as a timeshare. The property is offered free and clear of any existing debt and is being sold free and clear of prior condominium/timeshare encumbrances.
Please note to qualify as a Cooperating Broker, said Broker must have an active Texas Real Estate License and cannot be the Buyer or an ownership partner of Buyer.
Non-Contingent
Earnest Money Deposit: Greater of $200,000 or 10% of the Purchase Price
Marketing Fee: 3% of the Winning Bid Amount, $20,000 minimum
$10,000 Participation Deposit
Subject To Seller Approval
17794 Big Eddy Rd, Flint, TX 75762
Investment highlights
Lakefront Condos
All Units are 2Bed/2Bath+ with 1,250+ SF
Washer & Dryer Connections in Every Unit
Has One of the Two Full-Service Marinas on the Lake
Has the Only Operation Gas Stations on the Lake
$135,000+ Area Median Income - 1-Mile Radius
15-Miles from Tyler (245,000 MSA Population)
Listing Contacts
Map
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Additional Information
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