7
1111 Shelbyville St, Center
$5,060,225
MLS #2201019
Take full advantage of tax exposure mitigation in this OPPORTUNITY ZONE! Large multifamily portfolio. Strong, stable income stream is great opportunity for any investor. Pro Forma Year 1 NOI of $455,420; 9% cap rate. The property maintains high occupancy rates and sits in close proximity to area industry. The portfolio consists of the following: Hidden Creek Ranch, a 59-unit mobile home park / Hidden Creek Village, a 30-unit manufactured housing development with (1) expansion lot / Hidden Creek Apartments, an 11-unit apartment complex. All units but 1 are park-owned. Full Legal Description: A- 0010 AMASON JESSE SUR BLK MH81 TR 27 8.369 ACRES HOME 2000 BY AMERICAN H0MESTAR OF BURLESON MOBILE HOME PARK TITLE #00095247 S/N AH02004959A - 1111 SHELBYVILLE STREET SN1 AH02004959A; HUD# PFS0634207 / A- 0010 AMASON JESSE SUR BLK 79 TR 1.10 1.815 ACRES COLLIER STREET - / A- 0010 AMASON JESSE SUR BLK 38 TR 5.12 1.342 ACRES APARTMENTS (BRIDGES ST)
DETAILS
83800 Sqft Structure
11.53 acre lot
Built in
Located in Center, Texas
Aluminum Siding,Vinyl Siding,Wood Siding Exterior
Composition Roof
UTILITIES
Other Electric
Other Water
Other Gas
Electric,Window Units A/C
Electric,Window Units Heat
ADDITIONAL INFO
Kitchen Facility
Security Lights
Laundry Room
Priv
CONTACT US
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3505 North Street
Nacogdoches, TX 75965
Ph: (936) 564-2622
Fx: (936) 560-1200

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