MHC - Texas Oil Country
400 27th Street, Snyder, TX 79549
Investment Highlights
Investment Opportunity: 16 mobile home units situated on +/- 3.25 Acres
Exploding Growth Area: Snyder is home to Amazon Wind Farm Texas, the largest wind farm in Western Texas. This facility adds over 1 million megawatt hours of clean energy to the grid annually, making Amazon a key employer in the area. This development further boosts the local economy and housing demand, ensuring a stable investment environment.
Texas Oil Country: Scurry County, with Snyder as the County Seat, is famously known as Texas Oil Country. Since the discovery in 1923, over 1.8 billion barrels of petroleum have been extracted. This booming industry drives the need for affordable housing in the area. The county also thrives on petroleum processing, cottonseed breeding, farming, ranching, and other diversified industries.
Strong NOI: Estimated NOI of $119,630+, this property has generated over $14,000 monthly. Steady rental increases at lease renewals, potentially boosting gross income combined with proper site maintenance per month should keep unexpected expenses down. Steady increases during tenancy fluctuations positions the property for higher returns.
Value Add: 16 newer 2013 mobile home units with room for 8 more +/-
***Owner may consider owner financing 1) with proof of funds to do the complete deal 2) Half-Down or more and a Personal Guarantee on the balance 3) Acceleration if default no foreclosure, security guarantee 4) 15-year amortization with a three-year balloon at a to-be-determined interest rate
In Association With ParaSell, Inc. A Licensed Texas Broker Lic. #9009637 BoR: Scott Reid - Lic#739436
