USATXElmendorfElmendorf Area (Ec)8325 Fm 327
8325 Fm 327, Home with 0 bedrooms, 0 bathrooms and null parking in Elmendorf TX | Image 1
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$655,000

8325 Fm 327, Elmendorf, TX

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 3812 sqft
Garage No
Taxes $5,000
Days Active 33
Lot Size 
Approx. Age 
Avg. Price Per Sqft $171
MLS® Number 1895566

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

This 8-unit manufactured housing community provides significant upside potential for new ownership. The Cozy Cottages have been remodeled and well maintained, and cared for, ensuring a hassle-free transition for new owners. With proactive management, this property offers investors ease of ownership and peace of mind. The Cottages are situated in a submarket with robust fundamentals, and benefit from a growing rental market, along with being located close to employment centers in the growing vicinity of Elmendorf - such as a large Home Depot Distribution Warehouse, Semi Truck Manufacturer Navistar, and several others. There are three major thoroughfares within seven miles of the property, including Interstates 37 and 410 and Loop 1604. The Cozy Cottages of Elmendorf also boasts not only minimal deferred maintenance but also a significant increase in rental income over the past year. All units have undergone significant remodeling. New owners have the opportunity to maintain this trend by continuing to lease units at rates already being captured and proven. Additionally, The Cottages have City Water, four septic systems, and 94 solar panels ($90, 000 + Paid Off and part of the property) on the property, for low monthly utility bills. Buyers could be a multi-family investor or a family that wants multi-generational living. The property is ready for new ownership in either category.Show Description
MLS® Number1895566
Laundry Level
Central VacNo
FireplaceNo
Acreage2.177
ExteriorCovered Patio, Mature Trees, Common Utility Room, Level
GarageNo
Approx. Age
Basement
Driveway
Garage Spaces
HeatElectric, Window Unit, 1 Unit
A/CWindow/Wall, Two Window/Wall
Heating Fuel

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