J. Gaut & Associates
Commercial Real Estate
FOR Sale

10505 N BROADWAY
Amarillo, TX

INVESTMENT PROPERTY
Map Aerial
LOT SIZE:
6 manufactured homes and 3 RV sites located on 2 acres
ZONING:
Outside of City
SALES PRICE:
$350,000.00
PROPERTY DETAILS

6 units and 3 RV spaces. (RV is separately metered)

Included on the property:

  • 4 storage units ; one is a laundry room at the RV park area
  • 2 water wells 400’ depth – pump is set at 340-360 ‘ depth. ; 1 ½ HP motor., 70 – 80 gallon bar tank. Each well is on a separate meter
  • Storm cellar, with electricity, TV, large enough for 16 standing people
  • 3 Septic tanks, 2 houses on each system. Age: 1992,81,95, pumped every 3 years. Pumped last in 2007
  • Security lighting
  • Workshop w/ well house

    Unit Information:
  • A 2/1 1982 Woodlake $525.00
  • B 2/2 1984 Schult $625.00
  • C 2/1 1984 Woodlake $525.00
  • D 2/1 1983 Peachtree $525.00
  • H 2/2 1995 Fleetwood $625.00
  • J 2/1 1983 Liberty $500.00
  • E RV Park with hook-ups @ $250 each spaces are large enough to add three more mobile homes
  • F & G is water well

    PROJECTED INCOME: $50,100.00 EXPENSES: $4,900.00 NOI: $45,200.00

    PROJECTED CAP RATE: 12.9%

 

 

This Property is represented by:
Cathy Derr, CCIM

4211 I-40 West, Suite 204
Amarillo, Texas 79106
806-373-3111