229 Us-180Seminole, TX 79360

Property Details for 229 Us-180

Year built

2009

Lot size

13.00 AC

Property type

Mobile home & RV parks

Property subtype

Mixed-use properties

Description

This exceptional investment opportunity encompasses two prime locations in Seminole, Texas, totaling 13 acres. The first location includes 20 residential units (primarily trailers) and a substantial 3,200 square foot shop, perfectly positioned to benefit from the local economy. The second location features 10 additional residential units, numerous RV sites, and a multi-unit enclosed storage facility for boats or RVs, along with mini-storage units, ensuring diverse income streams. An on-site office facilitates efficient management. Built in 2009, this one-story property offers 30 total units and presents a significant upside potential due to rental rates that haven't been increased in five years. The property's location in Seminole, TX, benefits from the robust oilfield industry, thriving agriculture, and other economic drivers, making this a highly attractive investment with a 7.5% cap rate. The asking price is $4,500,000. This is a rare chance to acquire a well-established, mixed-use property with substantial growth potential in a dynamic Texas market. The property is located at 229 US-180, Seminole, TX 79360.

Location Insight

City

Seminole

County

Gaines

State

Texas

Latitude

32.7102

Longitude

-102.634

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