Address
1359 Hwy 80 Somewhere River, Mineola, TX
Price
$ 1,100,000
Property Attributes
  • MLS#20524491
  • TypeMulti-Family
  • CountyWOOD
  • CityMineola
  • Zip75773
  • StyleMultiple Single Units
  • Price$ 1,100,000
  • Bedrooms49
  • Full Bathrooms49
  • Half Bathrooms0
  • Lot Size7 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description

RV Park investment opportunity in East Texas, strategically located on Highway 80 with great highway frontage. Originally a 34 site park all individually metered on city water and septic. Just completed construction of 15 new concrete sites. All long-term guests, workforce and retirees, on-site management. Park was recently acquired and the current owner has added the new sites. Professionally managed with Camspot management software Value Add opportunity: increase short-term and overnight stays, bill back utilities and rent out the apartment and contractor garage. Charge higher rates for new concrete sites. Possibility to add signage for additional revenue. -49 total RV sites, individually metered (15 brand new concrete sites) -Club house with bathrooms and showers -Office building -Laundry facility -Apartment and contractor garage building

Elementary School
Mineola Elementary School
Price History
1/31/2024 Listed $1,200,000
2/29/2024 9% - $1,100,000

General Features

Heating None
Complex Name Mineola RV Park
Cooling None
Utilities City Water,Electricity Connected,Septic
Possession Closing/Funding
Roof Metal
Appliances Dryer,Washer
School District Mineola ISD
Capitalization Rate 9.09
Year Built 2007
Levels One
Will Subdivide No
Gross Annual Expenses 44000.00
Property SubType Multiple Single Units
Subdivision Name none
Accessibility Features Accessible Approach with Ramp
Insurance Expense 3000
County Wood
Property Type Residential Income
Construction Materials Other
Year Built Details Preowned
HOA Type None
# of Buildings 3
Status Active
Directions East on Highway 80 leaving Mineola city limits,on your left hand side after passing East Loop 564.
City Mineola
Buyer Agent Compensation 3
Elementary School Name Mineola
High School Mineola
Street Name HWY 80 SOMEWHERE RIVER
Elementary School Mineola
Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/ntreis/20524491
Standard Status Active
Buyer Agent Compensation Type %

Interior Features

Interior Features Other
Flooring Other
Total Units 49
Lock Box Type None

Exterior Features

Lot Size Source Public Records
Parking Features Other
Lot Size 5 to < 10 Acres
Foundation Other
Lot Size Area 7.0000
Number Of Parking Spaces 49
Lot Size Units Acres
Building Area Total 448.00
Lot Size Square Feet 304920.0000
Lot Size Acres 7.0000

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 75773

Price
AVG $1.1M
$1.1M
Visits
AVG 71
70
Data Provided by Inside Real Estate®
Year Built
AVG 2018
2007

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