1500 STATE HIGHWAY 72 W, YORKTOWN, TX 78164
Homes for sale in Yorktown.
Homes for sale in 78164.
List Price$975,000
1500 State Highway 72 W
Yorktown, TX 78164
Listing #6879717
10
Square Feet
Commercial
Type
About This Property
This is an actively cash-flowing residential campus at 1500 State Highway 72 W in Yorktown, TX, currently generating $16,500 per month under a 5-year lease offering an investor immediate, stabilized income at the time of acquisition. The property features 10 residential homes (valued at approximately $60k each) across +/- 13.3 acres spanning two tracts: eight 4-bedroom/4-bath homes, one 3-bedroom/2-bath, and one 2-bedroom/2-bath, all currently leased. Known operating expenses include internet service, trash removal, landscaping on an as-needed basis, a $105 annual water well permit, and $500 per year in sewer maintenance, with monthly electricity ranging from approximately $2,300 to $3,600. Annual property taxes are estimated at $1,700, an exceptionally low tax burden relative to the income the property generates. Electrical, sewer, and water are all on site, and there is additional room on the property that may present future development or expansion potential. This is one of the most compelling income-producing assets in the portfolio, combining a long-term lease, a diverse housing mix, and low operating overhead in a single acquisition. Current tenants have been in place for 3 years.
Property Features
Location Information
County
DeWitt
Subdivision
Thomas H Bell Leaque & Labor A
County
DeWitt
Directions
Property is southward adjacent to Hwy 72. Sign on property.
Area
Out of Area
Interior Features
Heating
See Remarks
Disabled Features
None
Floors
See Remarks
Accessibility
None
Exterior Features
Style
See Remarks
Water
Public
Is New Construction
No
Parking Description
None
Construction/Exterior
See Remarks
Lot Size in Acres
6.812
Possession
Closing & Funding
Buildings
10
Water / Sewer
Public Sewer
Has Waterfront
No
Additional Information
Other Utilities
Electricity Connected
APN
0047843
Property Type
COM
Status
Active
Property SubType
Mobile Home
Documents Available
Aerial
Year Built
2020
Similar Listings
Mortgage Calculator
$4,552
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$3,513
Monthly Tax
$812
Monthly Insurance
$227
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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