505 BUB HAYNER ROAD, KARNACK, TX 75661
Homes for sale in Karnack.
Homes for sale in 75661.
505 Bub Hayner Road
Karnack, TX 75661
List Price$1,395,000
Listing #21021852
About This Property
Caddo Lakefront Apartments Complex, Private Boat Ramp, 4 RV sites and 2 HOMES!! 9 Unit Apartment Style Townhomes and a home, all Located on Caddo Lake! NO HOA! 2 homes, 4 RV pads and fishing pier and priavte boat ramp. Room to add more units. No restrictions and situated on 7.7 acres UNIT 1 : 3-2 rented at $1250 renovated 2024 UNIT 2 : 3-2 rented at $895 renovated 2022 UNIT 3 : 1-1 rented at $650 (manager lives discounted rent)-wants to stay UNIT 4 : 3-2 rented at $1050 renovated 2024 UNIT 5 : 2-1 rented at $895 renovated 2024 UNIT 6 : 2-2 rented at $950 UNIT 7 : 1-1 rented at $700 renovated 2024 UNIT 8 : 2-2 rented at $ 950 renovated 2024 UNIT 9 : 1-1 rented at $720 renovated 2024 HOUSE : 3-2 rented at $800 partly renovated 2024 4 RV sites, currently vacant. Proforma 400 per monthX 4= 1600 per month. 2 homes, 1500 per month and 1800 per month. One of homes went vacant on August 1st, so could be owner occupied and was recently remodeled. TOTAL CURRENT ACTUAL MONTHLY GROSS $10,360 TOTAL YEARLY GROSS $ 125,000 Mowing : $3000 Trash : $2800 Insurance( currently none) anticipated 10K per annum Proforma monthly- 13,760 Proforma annual- 165,120 Proforma NOI- 136,000 Perfect for owner operator or investors! Newly Renovated and offering seller financing for qualified buyers! Information enclosed deemed reliable but not guaranteed by listing broker. Buyer is responsible for his or her own due diligence. Listing broker cannot warrant the complete accuracy thereof subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.Turn Key property group and its affiliates do not assume any legal liability for the accuracy of the enclosed information regarding subject listing. DO NOT DISTURB, SHOWINGS by appointment only. This is a fully occupied property.
Property Features
Location Information
County
Harrison
Subdivision
Leisure Cove Resort
Interior Features
Has Fireplace
No
Floors
Other
Heating
Central
Tenant Pays
All Utilities
Cooling
Central Air, Electric
Total Number of Units
12
Exterior Features
Construction
Frame
Possible Best Use
Other
Foundation
Other
Zoning
none
Roof
Composition, Metal
Building Total Area (Sq. Ft.)
1,276
Water / Sewer
Septic Available
Waterfront Description
Lake Front, Waterfront
Utilities
Septic Available
Has Waterfront
Yes
Security System
Carbon Monoxide Detector(s)
Has View
Yes
Parking Description
Asphalt, Circular Driveway
View Description
Water
Lot Description
Acreage, Waterfront
Is One Story
No
Lot Size in Acres
7.78
Lot Description
Acreage, Waterfront, Lake Front, Waterfront
Lot Size in Sq. Ft.
338,896
Additional Information
Year Built Details
Preowned
Status
Active
Property Type
COM
Tax Annual Amount
946.0
Property SubType
Hotel/Motel
Lot Acres Source
Owner
Year Built
1994
Similar Listings
Mortgage Calculator
$6,513
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$5,026
Monthly Tax
$1,162
Monthly Insurance
$325
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
Listing courtesy of
Travis Turner, Turn Key Property Group
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NTREIS - North Texas data last updated at November 27, 2025, 11:24 AM CT
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