4309 S CR 1131 - Manufactured Housing/Mobile Housing FOR SALE


Midland, TX 79706
$675,000 USD
432-413-6393
4309 S CR 1131, Midland, TX for Sale
$675,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/12
null | Request Cap Rate

4309 S CR 1131
Midland, TX 79706


HIGHLIGHTS

  • 100% Leased
  • 6 Total Units: (5) Mobile Homes | (1) Permanent Home
  • (2) 2014 Single Wide - 1,152 SF each. (1) 2013 Single Side - 1,152 SF. (1) 2013 Single Wide - 1,088 SF. (1) 2014 Double Wide- 1,792 SF
  • Permanent Home: 1,800 SF
  • Property has 5 separate RV hook ups on the SE corner

OVERVIEW

This 100% leased investment property offers a great opportunity with steady rental income. The property features 8,136 SF under roof, including six units—five mobile homes and one permanent home. Each mobile home is protected under a custom-built steel canopy, which extends beyond the roofline to create both a carport and a covered porch for added convenience and durability. Additionally, the property includes a 400 SF storage building and a 400 SF carport. Water is supplied by a well, and the property utilizes multiple septic systems for sewer. This 3.98-acre unrestricted property in Midland County offers a prime location with quick access to Hwy 158 and excellent highway visibility. Conveniently situated 4.36 miles from I-20, 7.2 miles from downtown Midland, and just 18 miles from Midland International Airport, the site offers convenient connectivity to major routes.

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$83 USD /SF

# OF UNITS

6

PRICE/UNIT

$112,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2011

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.98 AC

LAND SF

173,369 SF

ZONING

-

APN/PARCEL ID

0002660.382.5120

ASK ABOUT THIS PROPERTY

Tommy ReynoldsMoriah GroupMore Info
432-413-6393

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Tommy ReynoldsMoriah GroupMore Info
432-413-6393

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.