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804 SE AVE G Avenue G

Seminole, TX 79360
  • $4,500,000
  • STATUS: Active
  • ON SITE: 14 Days
  • MLS #: 20660270
UPDATED: 172 min ago
$4,500,000
  • 0
    BEDS
  • 13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2009
County:
Area:

School Ratings & Info

Offered by James Friesen of United Country H5 Auction & Re: (903) 686-0636.

Description

Nestled in the thriving heart of Seminole, TX, these two prime real estate locations present a unique investment opportunity with 7.5% Cap RateThe 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.

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© 2024 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Russell Realty. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Russell Realty are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-07-12T22:45:02.237.
www.russellhouses.com/homes/152149744
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804 SE AVE G Avenue G Seminole, TX 79360

  • Price: $4,500,000
  • Status: Active
  • On Site: 14 Days
  • Updated: 172 min ago
  • MLS #: 20660270
0
Beds
0
Baths
0
½ Baths
13
Acres
2009
Built
Neighborhood:
G 161 Blk G Sec 161
County:
Gaines
Area:
Seminole
Property Description
Nestled in the thriving heart of Seminole, TX, these two prime real estate locations present a unique investment opportunity with 7.5% Cap RateThe 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.
Exterior Features

Construction Siding Foundation Combination Lot Description Acreage Lot Size Source Assessor Parking Or Garage Additional ParkingPrivateRV Access/ParkingRV GarageShared DrivewayStorage Roof Asphalt

Interior Features

Ceiling Height 8 to10 Feet Cooling Central Air Flooring Combination Handicap YN No Heating Central Sq Ft Gross 1000

Property Features

Building Area Source Assessor Building Area Total 36916.00 Building Use Storage Warehouse Business Name TeePee RV Park and Mini Storage Construction Status Preowned Gross Annual Expenses 150000.00 Gross Annual Income 480000.00 List MLSProvider Greater Metro West Association Of Realtors Multi Zoning Yes Municipal Utility District No Net Operation Income 330000 Operating Expense Includes InsuranceMaintenanceNew TaxStaffSuppliesTrashWater/Sewer Possession Closing/Funding Property Type Business Tenant Pays All Utilities Transaction Includes Building OnlyLand & Improvements Unexempt Taxes 23686 Utilities City SewerCity Water Will Subdivide No Zoning Real

North Texas Real Estate Information Systems MLS logo Listing information © 2024 North Texas Real Estate Information System.


© 2024 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Russell Realty. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Russell Realty are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-07-12T22:45:02.237.
 
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Russell Realty
201 W Virginia St Suite 100
McKinney TX, 75069
Offered by James Friesen of United Country H5 Auction & Re: (903) 686-0636.