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Key Details
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 3,192 sqft
Price per Sqft $62
Subdivision Oakhill Estates
MLS Listing ID 14755108
Sold Date 04/01/22
Bedrooms 6
Full Baths 6
HOA Y/N None
Total Fin. Sqft 3192
Year Built 1999
Annual Tax Amount $1,606
Lot Size 2.690 Acres
Acres 2.69
Property Description
GREAT income potential property. Next to Hubbard Creek Lake. Not utilized to full potential. Room for expansion. 8+RV spots not leased,elect wk needed. 3 units leased. 3 not leased for sale. 6x6 storage bldg. Demand is there to increase rents to $650mo. Buyer pays survey. Zoned multi family, RV market rental rate is $275mo added income potential is $2200mo! 1 unit leased at $712 & owner pays utilities on it. Other two leased at $450mo. Currently owner pays trash $70mo, cable TV $101mo & water $170mo. All reflected in expenses noted. New owner should consider passing utility expenses onto tenants to increase income $4k yr. Property unrealized income potential of additional $30k yr. Land alone comps at $100k.
Location
State TX
County Stephens
Community Other, Rv Parking
Direction Use GPS - do not visit property without an appointment. Do no knock on tenant doors.
Interior
Heating Central, Electric
Cooling Central Air, Electric
Flooring Carpet, Laminate
Equipment Satellite Dish
Appliance Electric Range, Refrigerator, Electric Water Heater
Heat Source Central, Electric
Exterior
Exterior Feature Covered Patio/Porch, Other, RV/Boat Parking, Storage
Fence None
Community Features Other, RV Parking
Utilities Available Asphalt, City Sewer, City Water, Gravel/Rock, Other, Septic
Roof Type Metal
Total Parking Spaces 16
Garage No
Building
Lot Description Acreage, Few Trees
Story One
Foundation Slab
Structure Type Siding,Wood
Schools
Elementary Schools South
Middle Schools Breckenrid
High Schools Breckenrid
School District Breckenridge Isd
Others
Ownership Harris
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Seller Financing
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Bought with Khanty Chanthammavong • Ready Real Estate
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