Mt Vernon, TX 75457,258 SE CR 4110
Mt Vernon, TX 75457,258 SE CR 4110
Mt Vernon, TX 75457,258 SE CR 4110
$750,000
Est. payment /mo
Est.Price: ?

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5.8 Acres Lot
SOLD DATE : 09/13/2024

Key Details

Property Type Single Family Home

Sub Type Building

Listing Status Sold

Purchase Type For Sale

Subdivision Tx

MLS Listing ID 24010153

Sold Date 09/13/24

Lot Size 5.800 Acres

Acres 5.8

Lot Dimensions 369 x 406

Property Description

Home and RV Park for sale on +/- 5.8 Acres in Franklin County, Texas. The Park is located close to I-30, a major east-west route through Texas. It is also convenient to the Tri-Lakes area, just minutes away from Lake Cypress Springs, Lake Bob Sandlin, and Lake Monticello. There are abundant opportunities for outdoor recreation including boating, fishing, hunting, camping, and more! The park is very well situated to take advantage of both visitors and more permanent residents looking for a slower pace of life and access to the outdoors. The park was started in 2020 and began with just two spaces. It has rapidly grown over the next several years, and now has 21 full hook ups and a large (2,100 SF) 5 bed 3 bath home on the property. The home is currently occupied by the owners, but could be rented for additional revenue or used as a park office. There are a number of long term tenants (currently 14) and there are also a number of construction related tenants who are there for the solar facility nearby. There are no long term leases in place so a new owner would be free to raise rents if desired. The overnight traffic is regular but not significant. This could be increased with advertising, but the current owners do not do any at this point. The park averages 80-85% occupancy on a regular basis. There is also a small laundry facility on the property which brings in some additional revenue. The Park is serviced by municipal water and electric, and there are septic systems for the sewer. There are several individually metered spaces for the electric, but the owners have not chosen to use them as yet. The owners provide the maintenance of the grounds and trash service is provided by a local company.

Location

State TX

County Franklin

Area Franklin

Zoning Other/See Remarks

Exterior

Waterfront No

View Y/N No

Others

Financing Conventional Fixed

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Greater Tyler MLS (GTARMLS)
Listed by Ed Parrish • Dumbbell Properties, LLC
Bought with Ed Parrish

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Joshua Hough

+1(972) 757-1837

Broker | License ID: 0564535

Broker License ID: 0564535

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