509 Broadway St - Residential Income FOR SALE


Fulton, TX 78358
$1,125,000 USD
361-608-9730
509 Broadway St, Fulton, TX for Sale
$1,125,000 USD
Residential Income - FOR SALE
1/5
null | Request Cap Rate

509 Broadway St
Fulton, TX 78358


HIGHLIGHTS

  • close to fishing, bars, restaurants, open land for development, steady cash flow

OVERVIEW

Trailer Park. Owner willing to finance, please email me rather than calling ... johnkemmerly@yahoo.com Property is four blocks from the water, bait stands, a fishing pier, and entertainment district with bars and restaurants. The area has taken off recently with tourists, fishermen, and vacation homes. A nearby trailer park has been cleaned up, and developers have now started tearing down old homes and building new ones. This is an opportunity to invest in Rockport/Fulton before it becomes too expensive. This park has untapped potential for manufactured homes, park models, tiny homes, RVs, a motel or whatever you want. 9 city lots, approx. 1.3 acers 6 cottages that need updating … 2 of the cottages are rented for $775 each, 1 for $950, and 1 for $675. 1 mobile home rented for $800 7 RV/mobile home slips are available with room for many more … 2 of the 7 slips are rented for $400 each Total current income: $4,725 Price for property: $1,125,000 … (125k per city lot, not selling separately)

FOR SALE DETAILS

PRICE

$1,125,000 USD

PRICE/SF

$239 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Apartments, Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

R52770

ASK ABOUT THIS PROPERTY

John KemmerlyJohn KemmerlyMore Info
361-608-9730

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John KemmerlyJohn KemmerlyMore Info
361-608-9730

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