3600 Reading St, Bacliff, TX 77518

2 Unit Mobile Home Park | $200,000 ($100,000/Unit) | 15.00% Cap Rate | Bacliff, TX 77518

Asking Price $200,000

Property Type: Multifamily
Square Feet: 1,100 SF

Listing Contacts

Kara Newmann

Verified Profile

Property Info

Property Overview

For sale is a duplex with a storage garage and coin operated laundry room. Both apartments are 2 bed 1 bath. The slightly larger apartment is currently rented out for $1500 monthly which includes water, gas, electricity, and internet. The slightly smaller apartment rents for $1300 monthly with the same utilities provided. The coin operated laundry room will provide about $50 monthly in quarters. The garage is divided into 3 sections. 2 of the garage storage sections rents for $80 per month ($160 total) and the third is currently being used as personal storage. The property has 24hr security cameras and is located on a very quiet and peaceful dead end road next to a large vacant lot owned by the local church. The electric bill remains low year around due to the design of the structure and the many shade trees. The property taxes remain low as well because the original structure is a large modular building. The lot size is 6,000 sq ft.
**LoopNet describes it as a "mobile home park." IT IS NOT
P&L summary:
Apartment #1 monthly income $1300
Apartment#2 monthly income $1500
Laundry monthly income. $50
Storage monthly income $160
Total Gross monthly Income: $3,010
Average Electric monthly cost: $222
Average water/sewer monthly cost: $64
Average WiFi monthly cost: $78
Average natural gas monthly cost: $37
Property tax broken down monthly: $100 (Annual property taxes are $1200)
Total monthly cost: $501
Net monthly income: $2509
Net annual income: $30,108
I will not owner finance. Serious buyers only. I have had a lot of dreamers contact me... I will ignore your inquiry if I do not believe you are serious. Thank you

Property Details

Class: C
Year Built/Renovated: 1990/2022
Stories: 1
Property Subtype: Manufactured Housing/Mobile Home
Lot Size (sq. ft): 6,098 SF
Units: 2

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