About 350 Morgan Mill Road
Discover an exceptional investment opportunity with Star Lite Mobile Home Park, located on the outskirts of Stephenville, Texas. This established park sits on 4.2+ acres within city limits and features 23 mobile homes, along with a brick home. There are currently 12 occupied units. This provides a solid income base and room for revenue growth. The property also includes six vacant lots, presenting a unique opportunity to expand the park and increase occupancy. Zoned for retail and commercial business, the park offers flexibility for future development. City water and sewer services are in place, ensuring efficient operations. Star Lite's strategic location provides convenient access to Stephenville's amenities while offering a quieter, community-oriented environment. This mobile home park is an ideal investment for those seeking a stable income property with significant potential for expansion, renovations and value appreciation in a growing Texas market.
Features of 350 Morgan Mill Road
| MLS® # | 21196003 |
|---|---|
| Price | $1,799,000 |
| Bathrooms | 0.00 |
| Acres | 4.22 |
| Year Built | 1989 |
| Type | Commercial Sale |
| Sub-Type | Business |
| Status | Active |
Community Information
| Address | 350 Morgan Mill Road |
|---|---|
| Subdivision | Sims Add |
| City | Stephenville |
| County | Erath |
| State | TX |
| Zip Code | 76401 |
Amenities
| Utilities | All Weather Road, City Sewer, City Water |
|---|---|
| Garages | Open |
| Is Waterfront | No |
| Pool On Property | No |
Interior
| Heating | Central, Electric |
|---|---|
| Fireplace | No |
| # of Stories | 1 |
| Stories | 1 |
Exterior
| Lot Features | Acreage, Cleared, Interior Lot |
|---|---|
| Roof | Composition |
| Construction | Brick, Siding, Board & Batten Siding, Other |
| Foundation | Pillar/Post/Pier |
Additional Information
| Flooring | Other |
|---|---|
| Special Notes. | Aerial Photo |
| Building Sqft | 1,260 |
| # Units | 24 |
| Building Use | Other |
| Commercial Features | Other |
| Zoning | B-2: Retail and Commercial Business District |
Listing Details
| Agent | J J Hampton |
|---|---|
| Office | J.J. HAMPTON REALTY |
| Contact Info | 254-965-4717 |