2201 Research Boulevard, Lubbock, TX 79407
$700,000
Property Type:
Residential Income
Bedrooms:
4
Baths:
3
Square Footage:
4,720
Lot Size (sq. ft.):
250,470
Status:
Closed
Current Price:
$700,000
List Date:
7/22/2024
Last Modified:
3/11/2025
Description
Welcome to Elm Grove Mobile Home Village, an expansive 5.75-acre property offering a unique investment opportunity. This park features a spacious 4,720 square foot house and a 3,825 square foot shop, both currently unleased. Elm Grove Mobile Home Village includes 24 well-maintained mobile home units, each connected to one of twelve septic tanks, ensuring efficient waste management, while the house has its own separate septic system. All units, including the house, are serviced by a single well, ensuring a consistent water supply. This self-sufficient setup offers peace of mind and cost savings, making it a compelling opportunity for investors looking to maximize potential rental income and manage a profitable mobile home park.
Supplements: ********
More Information MLS# 202410567
Contract Information
Current Price: $700,000
Original List Price: 700000
List Price: $700,000
Status: Closed
Listing Contract Date: 2024-07-22
Property Sub Type: Multi Family
Listing Agreement: Exclusive Right To Sell
Owner Name: Est Of Cecil D Hutcheson
Location Tax and Legal
Street Number: 2201
Street Name: Research
Street Suffix: Boulevard
County: Lubbock
State: TX
Postal Code: 79407
Zone: 7
General Property Information
Bedrooms Total: 4
Bathrooms Full: 3
Total Bathrooms: 3
Above Grade Finished Area: 4720
Above Grade Finished Area Source: Public Records
Living Area: 4720
Accessibility Features YN: No
Year Built: 1959
Garage YN: No
Carport Spaces: 2
Carport YN: Yes
Lot Size Acres: 5.75
Lot Size Square Feet: 250470
Lot Size Source: Public Records
Association YN: No
Basement YN: No
Sold Price/Acre: 78260.87
Sold Price/SqFt: 95.34
Remarks and Miscellaneous
Public Historical Remarks: Year Built: Unknown, Improvements: Portable Buildings, Improvements: House, Unit 8 # of Spaces: 0, Unit 7 # of Spaces: 0, Unit 6 # of Spaces: 0, Unit 5 # of Spaces: 0, Unit 4 # of Spaces: 0, Unit 3 # of Spaces: 0, Unit 2 # of Spaces: 0, Unit 1 # of Spaces: 0, Unit 1 Occupied: Yes, Survey Available: No
Public Remarks: Welcome to Elm Grove Mobile Home Village, an expansive 5.75-acre property offering a unique investment opportunity. This park features a spacious 4,720 square foot house and a 3,825 square foot shop, both currently unleased. Elm Grove Mobile Home Village includes 24 well-maintained mobile home units, each connected to one of twelve septic tanks, ensuring efficient waste management, while the house has its own separate septic system. All units, including the house, are serviced by a single well, ensuring a consistent water supply. This self-sufficient setup offers peace of mind and cost savings, making it a compelling opportunity for investors looking to maximize potential rental income and manage a profitable mobile home park.
Status Change Information
Major Change Timestamp: 2025-03-11T20:44:26Z
Major Change Type: Status Change
Status Change Timestamp: 2025-03-11
Purchase Contract Date: 2024-10-18
Projected Closing Date: 2025-03-07
Close Date: 2025-03-07
Buyer Financing: Cash
Buyer's Lender Closing Costs: No
Income and Expenses
Gross Income: 6900
Unit One
Unit SqFt: 4720
Beds Total: 4
Baths Total: 3
Accessibility Features YN: No
Unit Description: Main House
Title Company Information
Title Company: American Land Title
Title Company Address: 4601 66th St. Ste B Lubbock, TX 79414
Title Company Phone: (806) 344-8470
Property Features
Appliances: Dishwasher; Microwave; Refrigerator; Water Purifier; Water Softener; Water Softener Owned; Water Purifier Owned
Construction Materials: Brick
Cooling: Attic Fan; Central Air; Electric
Fencing: Fenced; Gate
Heating: Central; Natural Gas
Interior Features: Ceiling Fan(s); Walk-In Closet(s)
Laundry Features: Common Area
Listing Terms: Cash; Conventional
Lot Features: Landscaped
Other Structures: Storage; Workshop
Parking Features: Carport; Garage Door Opener
Road Surface Type: Dirt
Roof: Composition
Special Listing Conditions: Standard
Window Features: Window Coverings
Listing Office: Keller Williams Realty
Listing Agent: Greg Garrett
Last Updated: March - 11 - 2025
Information deemed reliable but not guaranteed.