9464 US Highway 180 W, Breckenridge, TX 76424 - MLS#20833278

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Mike Bowman

[email protected] +1(817) 328-2306

$319,000

Est. payment - /mo

2.69 Acres Lot

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Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Subdivision Oakhill Estates

MLS Listing ID 20833278

Total Fin. Sqft 3192

Year Built 1999

Annual Tax Amount $2,754

Lot Size 2.690 Acres

Acres 2.69

Property Sub-Type Hotel/Motel

Property Description

GREAT income potential property. Next to Hubbard Creek Lake. Not utilized to full potential. Room for expansion. 8+RV spots not leased. 3 units leased. 3 not leased for sale. 6x6 storage bldg. Demand is there to increase rents to $650month. Zoned multi family, RV market rental rate is $300month added income potential is $2400month. We have 3 units leased at $550.00. Owner pays for water trash and sewer. Currently owner pays trash $90mo, water $200month.New owner should consider passing utility expenses onto tenants to increase income $3,480.00 per yr. Property unrealized income potential of additional $25,000.00.
Only one block away from the lake.

Location

State TX

County Stephens

Zoning Commercial/ Multi family

Direction Use GPS - do not visit property without an appointment. Do not knock on tenant doors.

Interior

Heating Central

Cooling Ceiling Fan(s), Central Air, Electric

Flooring Laminate

Heat Source Central

Exterior

Utilities Available Co-op Water, Electricity Connected, Master Water Meter

Roof Type Metal

Garage No

Building

Lot Description Acreage, Few Trees

Foundation Slab

Structure Type Brick

Others

Ownership Yotta Investments LLC

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20833278

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Iqbal Khanmohammed • Competitive Edge Realty, LLC

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Mike Bowman

+1(817) 328-2306

Broker | License ID: 0273938

Broker License ID: 0273938

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9464 US Highway 180 W Breckenridge, TX 76424

Mike Bowman

Key Details

Location

Interior

Exterior

Building

Others

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