Address
11040 Old Stoney Road, Ponder, TX
Price
$ 2,500,000
Property Attributes
- MLS#20544390
- TypeMulti-Family
- CountyDENTON
- CityPonder
- NeighborhoodWinfrey
- Zip76259
- StyleMultiple Single Units
- Year Built1982
- Taxes$ 8233
- Price$ 2,500,000
- Bedrooms15
- Full Bathrooms15
- Half Bathrooms0
- Lot Size15 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
A profitable mobile home park with plenty of room to expand and tons of passive income! This 15 acre property has 15 separate mobile homes all with individual meters and septic tanks. Currently, the property generates a six figure NET income every year and is operating at 100% occupancy. One of the units is rented to the maintenance man who has been there over 15 years. Some of the tenants have been there for over 10 years. Units never stay vacant more than a week. The property gives you the ability to build your dream home, farm, ranch, or possibly even expand the mobile home park to earn more income. The primary doublewide home makes a great owner residence or could be rented out as well. The property is only 15 min to I35 and 20 min to downtown Denton. Don't miss this opportunity. There is no another property like this in the area. Owner just poured new hot gravel top to the roads and driveways. PLEASE DO NOT SHOW UP UNANNOUNCED TO THE PROPERTY OR DISTURB THE TENANTS.
| Elementary School |
|---|
| Ponder Elementary School |
| Price History | |
|---|---|
| 2/25/2024 | Listed $2,500,000 |
General Features
| Heating | Electric |
|---|---|
| Complex Name | Patterson |
| Cooling | Electric |
| Utilities | Electricity Connected,Gravel/Rock,Outside City Limits,Private Sewer,Private Water,Septic |
| Possession | Negotiable |
| Roof | Metal |
| Appliances | Electric Range,Electric Water Heater |
| School District | Ponder ISD |
| Capitalization Rate | 6.04 |
| Year Built | 1982 |
| Tenancy | 9 Months or Less,Over 9 Months |
| Levels | One |
| Unexempt Taxes | 8233 |
| Will Subdivide | No |
| Gross Annual Expenses | 30000.00 |
| Property SubType | Multiple Single Units |
| Subdivision Name | Winfrey |
| Insurance Expense | 1500 |
| Occupant Type | Owner |
| Occupant Name | Harry Patterson |
| County | Denton |
| Operating Expense Includes | Accounting,Insurance,Maintenance,Trash,Water/Sewer |
| Property Type | Residential Income |
| Construction Materials | Aluminum Siding |
| Year Built Details | Preowned |
| HOA Type | None |
| Special Notes | Aerial Photo |
| # of Buildings | 15 |
| Status | Active |
| Directions | Please use GPS |
| City | Ponder |
| Buyer Agent Compensation | 2.00 |
| Elementary School Name | Ponder |
| High School | Ponder |
| Street Name | Old Stoney |
| Elementary School | Ponder |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/20544390 |
| Standard Status | Active |
| Junior High School | Ponder |
| Buyer Agent Compensation Type | % |
Interior Features
| Interior Features | Eat-in Kitchen,Open Floorplan |
|---|---|
| Flooring | Combination |
| Occupancy Rate | 100 |
| Total Units | 15 |
| Unit Count | 3 |
| Lock Box Type | None |
| Street Suffix | Road |
Exterior Features
| Exterior Features | Covered Patio/Porch,Private Entrance,RV/Boat Parking,Stable/Barn,Storage |
|---|---|
| Lot Features | Acreage,Cleared,Few Trees |
| Fencing | Wire |
| Parking Features | Additional Parking,Carport |
| Lot Size | 10 to < 50 Acres |
| Foundation | Pillar/Post/Pier |
| Lot Size Area | 15.0000 |
| Number Of Parking Spaces | 15 |
| Lot Size Units | Acres |
| Building Area Total | 1862.00 |
| Lot Size Square Feet | 653400.0000 |
| Lot Size Acres | 15.0000 |
| Patio And Porch Features | Covered |
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 76259
Price
Taxes
Visits
Year Built
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