$4,500,000
( )
 $25,551 est/mo Sourced by Back At You

804 SE Ave G Avenue G , Seminole, TX 79360

Seminole, TX 79360

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Description

Nestled in the thriving heart of Seminole, TX, these two prime real estate locations present a unique investment opportunity with 7.5% Cap Rate The first location boasts 20 homes, predominantly trailers, along with a substantial 3,200 sq ft shop. This setup is ideal for those looking to tap into the bustling local economy. Just a stone's throw away, the second location features 10 homes and additional RV sites, catering to a diverse range of tenants. This property is further enhanced by a multi-unit enclosed boat or RV storage facility and mini storages, ensuring steady rental income. An on-site office provides convenience and ease of management. The booming oilfield industry, coupled with thriving farming activities and other economic drivers, makes this investment particularly attractive. Notably, rents haven't been increased in five years, offering substantial potential for future growth. This is a perfect chance to invest in a diversified, high-demand area.

Details

MLS#20660270
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year2009
Days On Site132
Listing Provided ByUnited Country H5 Auction & Re | James Friesen

Features

SQ Feet1,000
Story(s)1
Units30
ZoningReal
Acreage13.00

All information provided by the seller and is deemed to be correct, but is not guaranteed. Buyer to verify and satisfy themselves with all information listed including but not limited to lot size, room sizes and square footage.  Buyers are encouraged to have property inspected by inspector of their choice.  Price subject to change.

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Listings Checked: 5 minutes ago
StateTX
CountyGaines
CitySeminole
Zip Code79360
AreaGaines
Community NameG 161 BLK G SEC 161
Listing VS Median (in G 161 BLK G SEC 161)
Price:
$4,500,000
low | high
Med:
$4,500,000
50% of Average
SqFt:
1,000
low | high
Med:
1,000
50% of Average
$ / SqFt:
$4,500
low | high
Med:
$4,500
50% of Average
On Site:
132
low | high
Med:
132.000000
100% of Average
Sourced by Back At You
Listing Updated: July 1, 2024 at 1:19:33 PM PDT