TITLE:
13.75% Cap rate with upside
CONTROL:
Exclusive
VALUE:
$1,316,713
LOAN:
$20,000
EQUITY:
$1,296,713
TYPE:
Mobile Home/RV
HAVE:
Corporate Mobile Housing deep in the heart of the Eagle Ford Shale. Fully leased with 5 acres of land to expand on. Turn key , extremely well kept property. Rare cash flow with upside to expand.
ADDRESS:
146 CR 329, Kenedy, Texas
BENEFITS TO NEW OWNER:
Rare high cash flow, 100% leased- comes with 5 unused acres to build on . County no zoning, Has city water.
OTHER FILES:
GROSS SCHEDULED INCOME:
$276,600 Actual
VACANCY LOSS:
$5,532
GROSS EFFECTIVE INCOME:
$271,068
EXPENSES:
$90,000
NOI:
$181,068
DEBT SERVICE:
$68,469
CASH FLOW:
$112,599
CAP RATE:
13.75%
ENCUMBRANCE
BALANCE
PAYMENT
RATE
DUE
ASSUMABLE
LOAN 1
$10,500
$772
8%
12/31/1969
No
LOAN 2
$10,100
$399
8%
12/31/1969
No
BENEFITS SOUGHT:
retirement, either cash or some cash and enough interest to make it worth doing. Take risk out of the coming back to bite high. Get as much money as he can off of this.
REMARKS:
will Seller finance for 35% down and more motivated to for a shorter term.
COUNSELOR:
Janice Landers
Resolut RE
901 S Mopac expressway
Austin, Texas, 78746
Cell: 817-891-1372
Email janice@resolutre.com
