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1015 Welch Lane

Mabank, TX 75156
  • $600,000
  • STATUS: Active
  • ON SITE: 42 Days
  • ID#: 20224955
UPDATED: 5 min ago
$600,000
  • 23
    BEDS
  • 1.64
    ACRES
  • 10
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1900
County:
Area:

School Information

Elementary School:
High School:
School District:
Offered by Angie Linn of Linn Realty: 903-608-3004.

Description

Great Investment Opportunity. 10 space mobile home community tucked away with a sense of privacy. Community features 5 newer singlewide homes and 4 older singlewide homes along with a residential lot connected to neighboring community. Low maintenance with some long term tenants. Affordable housing is always in high demand. Great little property that cash flows well. Very close to Cedar Creek Lake. Property is in county but on city water and city sewer. Each tenant pays their own utilities. Don't miss this one!

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© 2023 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Homes By Lainie Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Homes By Lainie Real Estate Group are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-01-31T14:44:13.657.
www.homesbylainie.com/homes/135500954
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1015 Welch Lane Mabank, TX 75156

  • Price: $600,000
  • Status: Active
  • On Site: 42 Days
  • Updated: 5 min ago
  • ID#: 20224955
23
Beds
10
Baths
0
½ Baths
1.64
Acres
1900
Built
Neighborhood:
M Garcia Sur
County:
Henderson
Area:
Mabank
Elementary School:
Lakeview
High School:
Mabank
School District:
Mabank ISD
Property Description
Great Investment Opportunity. 10 space mobile home community tucked away with a sense of privacy. Community features 5 newer singlewide homes and 4 older singlewide homes along with a residential lot connected to neighboring community. Low maintenance with some long term tenants. Affordable housing is always in high demand. Great little property that cash flows well. Very close to Cedar Creek Lake. Property is in county but on city water and city sewer. Each tenant pays their own utilities. Don't miss this one!
Exterior Features

Construction Aluminum SidingMetal SidingVinyl Siding Construction Materials Walls 9 Foundation Other Lot Description OtherWater/Lake View Lot Size Source Assessor Parking Or Garage Other Pool On Property No Roof Other

Interior Features

Accessibility Features Accessible Entrance Appliances Other Cooling Central AirWindow Unit(S) Flooring Other Handicap YN Yes Heating Other Interior Features Other Kitchen Equipment 903-608-3004

Property Features

Building Area Source Assessor Building Area Total 71612.00 Complex Name Welch Villas Construction Status Preowned Gross Annual Expenses 15000.00 Gross Annual Income 75000.00 HOA None Insurance Expense 3216 Intermediate School Name Mabank Junior High School Name Mabank Lake Name Cedar Creek List MLSProvider Metrotex Association Of Realtors Listing Terms CashConventional Municipal Utility District No Net Operation Income 60000 Operating Expense Includes InsuranceMaintenanceMaintenance Grounds Possession Closing/Funding Property Type Multi Family Unexempt Taxes 2919 Utilities City SewerCity WaterCommunity MailboxGravel/RockOutside City Limits Will Subdivide No

North Texas Real Estate Information Systems MLS logo Listing information © 2023 North Texas Real Estate Information System.


© 2023 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Homes By Lainie Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Homes By Lainie Real Estate Group are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-01-31T14:44:13.657.
 
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Homes By Lainie Real Estate Group
141 Chisolm Trail
Pottsboro TX, 75076
Offered by Angie Linn of Linn Realty: 903-608-3004.