$375,000
For Sale

420 Martin Luther King Drive

Mexia, TX 76667
Type:Multi-Family
Structure:House
Zone:Residential

Description

GREAT RENTAL AND INVESTMENT PROPERTY ON HWY 14 - This property currently has 4 Manufactured Homes, a Cabin and room to add more. The existing MH on this property have all been purchased elsewhere, moved here and remodeled over the years. Current inventory of rentals: 1) MH 750sf, 2) MF 1116sf, 3) MH 750sf, 4) MF 1824sf, 5) cabin 480sf. Additionally there is a metal building 1200sf; 3 sided, tall roofed metal carport 400sf; and a portable single metal carport. The property has room to add more Manufactured Homes for increase income potential. Possibly add RV camper sites with County approval and septic availability. The property is being surveyed - should be 3.04 acres per a NEW SURVEY. Listing Agent has several Lenders that will loan on moved MH.

  • Property Details
      • InteriorBuilt-in Features, Cable TV Available, Decorative Lighting, Eat-in Kitchen, High Speed Internet Available, Paneling, Pantry
      • Utility FeaturesAll Weather Road, Cable Available, City Sewer, City Water, Electricity Connected, Outside City Limits, Septic
      • Property SubtypeMultiple Single Units
      • FoundationPillar/Post/Pier
      • Property TypeMulti-Family
      • School DistrictMexia ISD
      • CountyLimestone
      • MLS #20517554
      • MLS #20517554
      • Acres4.0000
      • Cost375000
      • Elementary SchoolMcbay
      • Year Built2007
      • Subdivisionnone

Location

Anthony L. BrownJPAR Real Estate
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00

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