350 Morgan Mill Road
Stephenville, TX 76401
$1,995,000
1,260 sqft
Description
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.
Location
Schools
| School Name | Grades | Admission |
|---|---|---|
| Chamberlin Elementary School | 1 - 2 | Regular |
| Hook Elementary School | 3 - 4 | Regular |
| Stephenville High School | 9 - 12 | Regular |
| Gilbert Intermediate School | 5 - 6 | Regular |
| Henderson Jr High School | 7 - 8 | Regular |
| Central Elementary School | PK - KG | Regular |
| 6 Schools | ||
*All school information should be verified by local Independent School District.
* Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer.
The information contained herein is furnished by the owner to the best of his/her knowledge, but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.