Check This Out..Possible Investment Property in La Vernia.. 2-Mfdg Homes on 2.53 ACRES w/Option to Possibly put Another on the Property........HM #1 is a 1984 Nearly 1800sf 3-Bd 2-Ba Fleetwood Glenbrook Double Wide Mfdg Hm w/Metal Roof & Recent Updates..Has Very Open Floorplan.. Laminate/Vinyl Plank Style Flooring Thru-Out..Hardi-Board Skirting,2-Porch/Patios...It has a Retro Foundation & was moved to this location in 2014 making it Eligible for Possible VA Financing....Hm#2 is a 1984 Approx 1216sf (16x76) 3-bd 2-ba Palm Harbor Single Wide w/Some Past Updates & is Rented Out at $1,100 a Mo ...Hm#1 was a past rental at $1,750 a Mo.....*NOTE* Electrical Meter Loop for 3-Electric Meters (2 are there now) & 1-Oversized Septic System that Accommodates up to 3-Homes..Ea home has it's Own Water Meter & Electrical Meter and both homes Are connected to the septic system ....Was approved by the County to allow up to 3-Mfdg homes on the 2.53 acres...No Hoa dues or City taxes in Post Oak Hills Subd...Tax Rate is 1.7%...Taxes for Both Mfdg Homes is Approx $3,200 a Yr ...Possible Owner Financing w/20% dn,7.5% Int rate Amortized over 30-years w/3-yr balloon.....Est Monthly payment to include Taxes & Insurance would be Approx $1,976....But Again i believe VA financing would work as Hm #2 could be Labeled Non Realty Item for Lender Purposes...Call 4 Detailed Packet of Info...Endless Possibilities...Possible more rental income w/a 3rd home ?? OR Family Compound on 2.53 Acres...Hm#1 Vacant Go & Show Hm#2 Tenant Occupied will need 24-HR Advance Notice to Show..Thanks !!!
Listing courtesy of Listing Agent: John Foster (jdfoster0510@gmail.com) from Listing Office: Foster Family Real Estate.
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