Overview
- Updated On:
- April 4, 2025
- Year Built:1965
Description
Rare investment opportunity, with amazing cash flow and low maintenance expenses! Paradise Hills Mobile Home Park, is 123 lots, an office and a duplex located right off Grand St. in Amarillo, TX. The park is on City streets and city water reducing the maintenance expenses, this sale is for the lots only. The property is 100% full with each lot paying $400 per month! It’s being offered at a 9.04% cap rate on actual numbers meaning the NOI is over $540K per year!
Address: 3401 N Vernon Street, Amarillo, TX 79107
City: Amarillo
Area: 0331 - Mesa Verde
State/County: Potter
Zip: 79107
Country: United States
Property Id: 241548
Price: $ 6,000,000
Listing Agent: Kirk Chudej
Listing Office: FIMC Commercial Realty
MLS ID: 25-1924
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$ 37,839.27
per month
- Principal and Interest
- Property Tax
- HOA fee
$ 30,339.27