See all 30 photos
30 photos
$2,100,000
Est. payment /mo
908,357 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 908,357 sqft
Price per Sqft $2
MLS Listing ID 594921
Year Built 1984
Lot Size 20.853 Acres
Property Sub-Type Commercial
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.
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.
Location
State TX
County Bell
Interior
Heating None
Cooling None
Exterior
Parking Features RV Access/Parking
Community Features None
Utilities Available Electricity Available, Separate Meters
Amenities Available None
View Y/N No
View None
Roof Type Other,See Remarks
Building
Story 1
Foundation None
Sewer Public Sewer
Water Public
Schools
Elementary Schools Timber Ridge Elementary School
Middle Schools Liberty Hill Middle School
High Schools Ellison High School
School District Killeen Isd
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Listed by Vernon MacHardy • Coldwell Banker Realty
Bought with Unrepresented Buyer Team • Non Member Office
Bought with Unrepresented Buyer Team • Non Member Office
NEARBY SCHOOL & BUSINESS
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