Address
420 Martin Luther King Drive, Mexia, TX
Price
$ 429,900
Property Attributes
- MLS#20517554
- TypeMulti-Family
- CountyLIMESTONE
- CityMexia
- Zip76667
- StyleMultiple Single Units
- Price$ 429,900
- Bedrooms4
- Full Bathrooms4
- Half Bathrooms0
- Lot Size4 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
GREAT RENTAL AND INVESTMENT PROPERTY ON HWY 14 - This property currently has 4 Manufactured Homes, a Cabin and room to add more. The existing MH on this property have all been purchased elsewhere, moved here and remodeled over the years. Current inventory of rentals: 1) MH 750sf, 2) MF 1116sf, 3) MH 750sf, 4) MF 1824sf, 5) cabin 480sf. Additionally there is a metal building 1200sf; 3 sided, tall roofed metal carport 400sf; and a portable single metal carport. The property has room to add more Manufactured Homes for increase income potential. Possibly add RV camper sites with County approval and septic availability. The property is being surveyed - should be approximately 4 acres. Listing Agent has several Lenders that will loan on moved MH.
| Elementary School |
|---|
| Mcbay Elementary School |
| Price History | |
|---|---|
| 1/23/2024 | Listed $429,900 |
General Features
| Heating | Electric |
|---|---|
| Complex Name | none |
| Cooling | Ceiling Fan(s),Central Air |
| Utilities | All Weather Road,Cable Available,City Sewer,City Water,Electricity Connected,Outside City Limits,Septic |
| Possession | Closing/Funding |
| Roof | Composition |
| Appliances | Dishwasher,Electric Range,Refrigerator |
| School District | Mexia ISD |
| Capitalization Rate | 0.00 |
| Year Built | 2007 |
| Tenancy | Month to Month,Other |
| Levels | One |
| Will Subdivide | No |
| Gross Annual Expenses | 1.00 |
| Property SubType | Multiple Single Units |
| Subdivision Name | none |
| Insurance Expense | 1 |
| Occupant Type | Tenant |
| County | Limestone |
| Property Type | Residential Income |
| Construction Materials | Board & Batten Siding,Siding,Vinyl Siding |
| Year Built Details | Preowned |
| HOA Type | None |
| # of Buildings | 5 |
| Status | Active |
| Directions | travel South on Hwy 14 from Mexia towards Groesbeck after you pass The Cowboy Western Club the property will be on your right sign on the property |
| City | Mexia |
| Buyer Agent Compensation | 2.5 |
| Elementary School Name | Mcbay |
| High School | Mexia |
| Street Name | Martin Luther King |
| Elementary School | Mcbay |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/20517554 |
| Standard Status | Active |
| Junior High School | Mexia |
| Buyer Agent Compensation Type | % |
Interior Features
| Interior Features | Built-in Features,Cable TV Available,Decorative Lighting,Eat-in Kitchen,High Speed Internet Available,Paneling,Pantry |
|---|---|
| Flooring | Carpet,Linoleum |
| Total Units | 4 |
| Lock Box Type | None |
| Street Suffix | Drive |
Exterior Features
| Parking Features | Common |
|---|---|
| Foundation | Pillar/Post/Pier |
| Lot Size Area | 4.0000 |
| Number Of Parking Spaces | 10 |
| Lot Size Units | Acres |
| Building Area Total | 4920.00 |
| Lot Size Square Feet | 174240.0000 |
| Lot Size Acres | 4.0000 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 76667
Price
Visits
Year Built
© 2024 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor NextHome Premier Choice shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real
