Oak Shadows Mobile Home Park
1295 Hwy 190 East | Huntsville, TX
| LOCATION: | From I-45 north in Huntsville, TX take Hwy 190 east. Oak Shadows Mobile Home Park is on the left just past FM 2296. |
| LEGAL: | 10.12 Acres, H. McGehee Survey, A-407, Walker County, TX |
| PRICE: | $299,000.00 |
| IMPROVEMENTS: | New aerobic septic system installed 2007. See attached list of the 2 mobile homes that go with the park. |
| FRONTAGE: | 424 feet on Hwy 190 |
| COMMENTS: | Excellent income property opportunity. Stable rental base with Texas Department of Criminal Justice and "SHSU - Fastest Growing University in Texas" . HomeLand Properties has managed this property since 2005. As it had been determined that the previous existing sewer systems were not functioning properly, the new aerobic system was designed, permitted, and installed, costing approximately $100,000. Many additional improvements/repairs were made during the last 5 years. |
| CONTACT: | John Paul Lampson, Broker HomeLand Properties, Inc. 1600 Normal Park Huntsville, TX 77340 936-295-2500 Office 936-295-9574 Fax www.homelandproperties.com E-mail: jplampson@homelandprop.com |
*Information contained above is deemed reliable, but may not be completely exact or accurate. The Listing Broker or Listing Agent will not be held responsible for the accuracy of the information. No express warranties, implied warranties, and/or representations of any kind are made as to the accuracy of the information and all information is subject to change without notice. Any information contained above should be verified by your own independent investigation. Licensed co-brokers are welcome to show this property by advance appointment and will receive a co-broker fee if the co-broker accompanies their buyer from the first contact to the closing of a sale. |
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| Gross Income | |||
| Unit | Property Description | Monthly Income | Annual Income |
| 1 | Lot | $175.00 | $2,100.00 |
| 2 | Lot | $160.00 | $1,920.00 |
| 3 | Lot | $175.00 | $2,100.00 |
| 4 | Lot | $175.00 | $2,100.00 |
| 5 | Lot | $175.00 | $2,100.00 |
| 6 | Lot | $175.00 | $2,100.00 |
| 9 | Lot | $165.00 | $1,980.00 |
| 10 | Lot | $175.00 | $2,100.00 |
| 11 | Lot | $175.00 | $2,100.00 |
| 12 | Lot | $175.00 | $2,100.00 |
| 13 | 1985 Oak Creek Home Inc. - 16'x62' | $465.00 | $5,580.00 |
| 14 | Lot | $175.00 | $2,100.00 |
| 15 | Lot | $175.00 | $2,100.00 |
| 16 | Lot | $175.00 | $2,100.00 |
| 17 | Lot | $175.00 | $2,100.00 |
| 18 | Lot | $175.00 | $2,100.00 |
| 19 | Lot | $160.00 | $1,920.00 |
| 20 | Lot | $175.00 | $2,100.00 |
| 21 | 1985 Champion Home Builders Woodlake - 14'x76' | $415.00 | $4,980.00 |
| 22 | Lot | $175.00 | $2,100.00 |
| 23 | Lot | $175.00 | $2,100.00 |
| 24 | Lot | $175.00 | $2,100.00 |
| 25 | Lot | $175.00 | $2,100.00 |
| 26 | Lot | $175.00 | $2,100.00 |
| Gross Income: | $4,690.00 | $56,280.00 | |
| Less 5% Vacancy: | ($234.50) | ($2,814.00) | |
| Effective Gross Income: | $4,455.50 | $53,466.00 | |
| Annual Expenses | |
| Taxes | $2,392.00 |
| Insurance | $280.00 |
| Maintenance/Repairs (10%) | $5,346.60 |
| Utilities | $10,481.10 |
| Total Expenses: | ($18,499.70) |
| Net Operating Income: | $34,966.30 |
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