Updated over 10 years ago on . Most recent reply
$2750 in monthly rents for $225,000 in Lockhart TX. 30 miles from Austin
I represent the seller of 3 manufactured homes on 10 acres outside of Lockhart, Texas. The units were built in 1998-2000 and total rents are $2750 per month. Purchase price $225,000. We have a local bank willing to finance 75% LTV on a 15 year term which still allows for strong cash flow. All units currently occupied. This could be an affordable alternative to those looking for mobile home parks or apartment complexes.
PM me for more details.
Scott Sutherland, Broker
Offering