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143 Key Largo Ln 14 Unit Mobile Home Park $1,798,680 CAD ($128,477 CAD/Unit) 9.50% Cap Rate Lufkin, TX 75904
Investment Highlights
- Peaceful community set in natural outdoor beauty. Grocery, retail, restaurants, and hospitals close by. Private parking and lawns. Water furnished.
Executive Summary
Nestled in the Piney Woods of Texas, Key Largo is a well-tended peaceful, multi-family zoned community consisting of 14 rental units (including 10 mobile homes built between 2001 and 2020), three RV hook-ups, and 12,000 square feet of metal structure warehouse buildings with 11 metal overhead doors. The buildings currently house a car museum, fire station, and storage units. Two commercial aerobic systems, city water, and trash dumpster collection service are also provided. Landscaping features large, stately water fountains and statues along with 30 years' growth of exotic plants and trees. Hospitals, grocery stores, retail shops, and restaurants are easily accessible and within five miles. Out of city limits. Optimum potential for increasing rent roll to market level. Low turnover among renters, with some in residence for up to 20 years. Every property has at least one covered parking space. This property has had one owner, builder, developer, landscaper, and operator for the past 30 years. All necessary equipment to maintain property will transfer with property ownership. Owner will consider owner financing package with 30% down (5.6% interest) and balloon payment due in four years. 10% ROI. Average monthly utility costs: water is currently $400, dumpster collection is $180, and electricity is $160. (Disclaimer: Cars are not included in price. Some are available for individual sale.)
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Microwave
- Washer/Dryer Hookup
- Heating
- Refrigerator
- Tub/Shower
- Yard
- Lawn
- Porch
Site Amenities
- Tenant Controlled HVAC
- Walking/Biking Trails
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 15236 | Improvements Assessment | $0 CAD |
| Land Assessment | $51,433 CAD | Total Assessment | $51,433 CAD |
Property Taxes
Parcel Number
15236
Land Assessment
$51,433 CAD
Improvements Assessment
$0 CAD
Total Assessment
$51,433 CAD
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
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Street
Map
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Presented by
Randy Green
143 Key Largo Ln
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