7.78 Acres Lot
7.78 Acres Lot
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Subdivision Leisure Cove Resort
MLS Listing ID 21021852
Total Fin. Sqft 1276
Year Built 1994
Annual Tax Amount $946
Lot Size 7.780 Acres
Acres 7.78
Property Sub-Type Hotel/Motel
Property Description
9 Unit Apartment Style Townhomes and a home, all Located on Caddo Lake! NO HOA!
2 homes, 4 RV pads and fishing pier and priavte boat ramp. Room to add more units. No restrictions and situated on 7.7 acres
UNIT 1 : 3-2 rented at $1250 renovated 2024
UNIT 2 : 3-2 rented at $895 renovated 2022
UNIT 3 : 1-1 rented at $650 (manager lives discounted rent)-wants to stay
UNIT 4 : 3-2 rented at $1050 renovated 2024
UNIT 5 : 2-1 rented at $895 renovated 2024
UNIT 6 : 2-2 rented at $950
UNIT 7 : 1-1 rented at $700 renovated 2024
UNIT 8 : 2-2 rented at $ 950 renovated 2024
UNIT 9 : 1-1 rented at $720 renovated 2024
HOUSE : 3-2 rented at $800 partly renovated 2024
4 RV sites, currently vacant. Proforma 400 per monthX 4= 1600 per month.
2 homes, 1500 per month and 1800 per month. One of homes went vacant on August 1st, so could be owner occupied and was recently remodeled.
TOTAL CURRENT ACTUAL MONTHLY GROSS $10,360
TOTAL YEARLY GROSS $ 125,000
Mowing : $3000
Trash : $2800
Insurance( currently none) anticipated 10K per annum
Proforma monthly- 13,760
Proforma annual- 165,120
Proforma NOI- 136,000
Perfect for owner operator or investors!
Newly Renovated and offering seller financing for qualified buyers!
Information enclosed deemed reliable but not guaranteed by listing broker. Buyer is responsible for his or her own due diligence. Listing broker cannot warrant the complete accuracy thereof subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.Turn Key property group and its affiliates do not assume any legal liability for the accuracy of the enclosed information regarding subject listing. DO NOT DISTURB, SHOWINGS by appointment only. This is a fully occupied property.
Location
State TX
County Harrison
Zoning none
Direction The Cove at Caddo Lake, 505 Bub Hayner, GPS will take you there.
Interior
Heating Central
Cooling Central Air, Electric
Flooring Other
Heat Source Central
Exterior
Utilities Available Aerobic Septic
Waterfront Description Lake Front,Water Board Authority – Private
Roof Type Composition,Metal
Garage No
Building
Lot Description Acreage, Water/Lake View, Waterfront
Foundation Other
Structure Type Frame
Others
Ownership on record
Acceptable Financing 1031 Exchange, Cash, Owner Will Carry, Other
Listing Terms 1031 Exchange, Cash, Owner Will Carry, Other
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21021852
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Realtor | Lic# 0625175