Property Description

4401 E Stagecoach Road Is Known As: Morning Sun Mobile Home Park 15.751 Acres {Property ID: 51926} PLUS {Property ID 51891} An Additional 5.102 Acres For A Combined TOTAL of 20.853 Acres. The Mobile Home Park has 56 Lots with City Water, City Sewer, And Electric And Is Zoned MHP. The 5.102 Acres Is Currently Zoned Residential. The Seller Has Stated That None of the Mobile Homes are Park Owned - All Are Leased AND The Leases are Month To Month. The Seller Is WAY Below Market Rent With Current Lot Rent at $250 Per Home. The MHP has 1 Central Meter For Water Sewer & Trash - Monthly Estimates Are Between $2500 - $3,000 Monthly Expense. The current Owner then splits the Gross monthly bill and collects that back from the tenants {Roughly $65 - $75 per tenant}. The 20.853 Acres Is Priced With Highest And Best Use Based Upon Current Land Value with The Understanding That The New Owner May Want To Refurbish the Property And Utilize as a More Modern RV Park; Future Development AS A Mixed-Use Situs; Or Even As A Multi Family Locale And The RV Park. Multiple Possibilities Exist For The Creative Business Endeavour. The Stagecoach Road Frontage is Ideal For Commercial & Possible Multi-Family On The 5.102 Acres. Truly An Incredible Opportunity For The Investor Clientele! 20.853 Acres At The South Eastern Killeen Quadrant is a Rare Find. Seller is open to owner financing with a 40% down payment, 15 Year Amortization, 7% APR AND A 5 year Balloon Payment.

Property Features

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