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620 George Thomas Rd
Texarkana, TX 75501

$569,000 USD

Multifamily For Sale • 1,600 SF

Property Details

Property Type Multifamily
Total Building Size 1,600 SF
Lot Size 8 AC
Year Built 1999
Cap Rate 10.83 %
Zoning A2L

0 Transit Score

0 Walk Score

Description

PRICE IMPROVED!! Discover an incredible investment opportunity at 620 George Thomas Rd! This 8-acre property features 12 rentable mobile home units nestled in a peaceful, nature-filled setting. With plenty of space to expand, there is excellent potential to add more mobile homes for increased rental income. Don't miss out on this unique property with endless possibilities!

                
                    Highlights
                
                                75% occupied, 10.83% CAP,  with 9 units rented, 1 unit in the process of remodeling 2 units require remodeling, offering value-add potential 
                            
                                Manufactured housing investment in a peaceful setting surrounded by natural beauty Total of 12 individual units, each separately rented 
                            
                                Existing land with septic systems already developed Ability to add additional trailer homes for future expansion Strong opportunity for increased cash

Financial Summary (Actual)

Net Operating Income: $64,876 USD (2025)

Cap Rate:	10.83 %
Total Expenses:	$6,124 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
Texarkana Amtrak Station (Texas Eagle - Amtrak)	16 min	-	8.7 mi
Airport	Drive	Walk	Distance
Texarkana Regional-Webb Field	25 min	-	13.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes

Manju Pokhrel 469-471-7919 Better Homes And Gardens Real Estate Infinity

620 George Thomas Rd Texarkana, TX 75501