Buy this TEXAS park for only
$500,000.
Fill 6 sites.
Bump the rents by $40 (market rent).
Bill back sewer and water.
Then it will be worth
$995,000 at an 8.5 CAP!
STATS on this park:
- CAP RATE= 10.3
- 38 sites
- 32 occupied (all tenant owned)
- current lot rent is $225
- Market rent is $265
- Public water and sewer; owner pays
- Metro is Nacogdoches, TX:
- Median home price is $147,000
- 3 Bedroom apartment rent is $1090/mo.
- Metro size is 65,000
- Nacogdoches is the county seat
- This is a college town: Stephen F. Austin University, enrollment 11,600 with NCAA Division I athletics, is in Nacogdoches.
ALL OFFERS MUST BE IN BY TUESDAY, FEB. 23, 5PM EST!!
For more info
CONTACT
GORDON GRAHAM
LANDMARK ASSETS, LLC
[gordon](mailto:gordoncgraham@gmail.com)@[landmarkassetsllc.com](http://landmarkassetsllc.com/)
617-312-9833 (C)
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