Check This Out...Possible Investment Property in La Vernia Tx..2-Mfdg Homes on 2.53 ACRES w/Option to install a 3rd one...HM#1 is a 1984 Nearly 1800sf 3-bd & 2-ba Fleetwood Glenbrook Double Wide w/Metal Roof & Recent Updates..Has Very Open Floorplan w/Newer Laminate/Vinyl Flooring "Thru-Out"...Hardi-Board Skirting..2-Porch/Patios.....It has A Retro Foundation making it Eligible for a VA loan.. it was moved here in 2014...HOWEVER HM #2 is a 1984 Approx 1216sf Single Wide (16x76) 3-bd & 2-ba Palm Harbor that has had Past Updates & Was also moved to this location & does not have a retro foundation & is Labeled *Personnel Property* & would convey as Non-Realty.... Comp's show that the Dbl Wide & 2.5 Aces ALONE would easily appraise & Single Wide would convey on a Bill of sale/Non-realty item... It rents out at $1,100a mo...HM #1 was a Previous Rental at $1,750 a mo...NOTE..There is a 3-Meter Electrical Loop on the property from FELPS Elect Co...2-Meters are in Place.. 1 for Ea Hm Plus Each Home has their own Water Meter..There is one Lg Septic System for Both Homes That was Approved by the County to Allow up to 3-Mfdg Homes on the 2.53 Acres...No Hoa Dues or City Taxes...Tax Rate is 1.7%....Taxes for the Land & 2-Mfdg is Approx $3200 a Yr....Possible Owner carry w/20% dn,7.5% int rate, amortized over 30-yr w/a 3-yr balloon...Est Monthly payments would be Approx $1,976 to Include Taxes & Insurance.....Call 4 detailed packet of info...Possibilities For More Income w/a 3rd Hm or Possible Family Compound...HM#1 is Vacant Go & Show Hm#2 Tenant occupied... Will need 24-HR Advance Notice to Show it...Thanks !!!
Courtesy of Foster Family Real Estate
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