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$ 975,000
Est. payment /mo
Active
1500 State Highway 72 W Out Of Area, TX 78164
13.3 Acres Lot
UPDATED:
Key Details
Property Type Townhouse, Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID HLM179047
Year Built 2020
Lot Size 13.300 Acres
Acres 13.3
Lot Dimensions See remarks
Property Sub-Type Commercial
Source highland
Property Description
This is an actively cash-flowing residential campus at 1500 State Highway 72 W in Yorktown, TX, currently generating $16,500 per month under a 5-year lease offering an investor immediate, stabilized income at the time of acquisition. The property features 10 residential homes (valued at approximately $60k each) across +/- 13.3 acres spanning two tracts: eight 4-bedroom/4-bath homes, one 3-bedroom/2-bath, and one 2-bedroom/2-bath, all currently leased. Known operating expenses include internet service, trash removal, landscaping on an as-needed basis, a $105 annual water well permit, and $500 per year in sewer maintenance, with monthly electricity ranging from approximately $2,300 to $3,600. Annual property taxes are estimated at $1,700, an exceptionally low tax burden relative to the income the property generates. Electrical, sewer, and water are all on site, and there is additional room on the property that may present future development or expansion potential. This is one of the most compelling income-producing assets in the portfolio, combining a long-term lease, a diverse housing mix, and low operating overhead in a single acquisition. Current tenants have been in place for 3 years.
Location
State TX
County Out Of Area
Interior
Heating Other
Cooling Other
Flooring None
Building
Sewer Public Sewer
Water Public
Listed by All Hands Real Estate